Trump Media Q2 Loss Hits $238M Amid Crypto Market Volatility

Trump Media & Technology Group reported a net loss of $238.1 million for the second quarter, largely due to unrealized losses across its digital asset and securities holdings.

The company's Bitcoin holdings rose to 14,139 BTC by July 31 after it purchased additional coins using proceeds from the sale of equity securities invested in Bitcoin-related products.

Trump Media's Q2 loss also reflects $190.4 million in unrealized losses across digital assets and securities, alongside $25.6 million in legal expenses and $13.7 million of cash used by operating activities.

The company has pledged to revamp its digital asset treasury strategy, aiming for a 'more disciplined' framework that reduces volatility and makes its assets more productive.