Trump Media and Technology Group reported a net loss of $238.1 million for the second quarter of 2026, driven largely by non-cash losses on its cryptocurrency holdings as Bitcoin prices fell during the period.

The company, which trades on the NYSE Texas and Nasdaq under the ticker DJT, held 9,477 Bitcoin valued at $557.1 million as of June 30, down from 9,542 Bitcoin at the end of 2025. The fair value of that position dropped from $836 million at the close of last year, according to CoinDesk. Trump Media also holds a position in the cryptocurrency Cronos, which suffered its own decline in value during the first half of the year.

For the full first half of 2026, Trump Media recorded $360.6 million in…