Trump Media Seeks New Crypto Strategy Amid $238M Loss
Trump Media reported a net loss of $238 million in the second quarter. The company's leadership stated that it intends to reassess its digital treasury strategy and redirect more resources towards its core media business, including Truth Social, Truth+, and Truth.Fi.
The unrealized losses from digital assets and related securities reached $190.4 million. Despite this, the firm acquired additional Bitcoin, with its holdings increasing from 9,477.16 BTC on June 30 to 12,062 BTC by July 31.