In brief
- Trump Media reported a $238 million second-quarter loss, up from $20 million a year earlier.
- Non-cash losses involving digital assets, pledged assets, and equities topped $190 million.
- Its Bitcoin and Cronos holdings lost more than 33% of their value during the first half.
Falling cryptocurrency prices took a heavy toll on Trump Media & Technology Group during the second quarter, saddling the Truth Social parent company with a $238 million net loss—a steep increase from the $20 million it lost a year earlier.
In its second-quarter earnings report, Trump Media said the “vast bulk” of the loss came from non-cash charges rather than money spent or assets sold. Those included more than $190 million in unrealized losses across…
