Trump Media posts $238.1M Q2 loss as BTC and Cronos holdings fall in value

Trump Media & Technology Group (TMTG), the parent of Truth Social, reported a $238.1 million net loss for the second quarter of 2026, according to reports citing its filings and results. In the first half of 2026, the company recorded $360.6 million in digital asset-related losses ^{[1] [2]}.

As of June 30, 2026, Trump Media’s crypto holdings were reported at a fair value of $597.7 million, including 9,477.16 BTC valued at $557.1 million and 756.1 million Cronos (CRO) tokens valued at $40.6 million. Reports also say the company transferred 2,628 BTC worth about $165 million to Crypto.com, stating the Bitcoin was not sold ^{[1] [2]}.

Additional coverage notes that the company’s Bitcoin and Cronos holdings declined in value over the period, reinforcing that the digital asset portfolio’s volatility contributed to the larger reported crypto losses ^{[3] [4]}.

Overall, the reports indicate that TMTG’s financial results during 2026 were heavily impacted by losses tied to its cryptocurrency holdings and a decline in their reported fair value ^{[1] [3]}.