Trump Media's Crypto Exposure Wrecks Quarterly Earnings

Trump Media & Technology Group reported a net loss of $238.1 million in the second quarter, primarily due to declines in the value of its cryptocurrency holdings.

The company recorded $245.4 million in unrealized losses on digital assets during the six months ended June 30, according to an SEC filing.

This includes a $360.6 million loss tied to digital assets and pledged digital assets during the first half of the year.

Trump Media's combined digital-asset holdings had a fair value of $597.7 million as of June 30, down from $904.4 million at the end of 2025.