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Trump Media Posts $360 Million First-Half Crypto Loss as Bitcoin Holdings Decline

Trump Media Posts $360 Million First-Half Crypto Loss as Bitcoin Holdings Decline

  • Trump Media & Technology Group said it posted a $360 million loss on cryptocurrency investments in the first half of this year.
  • The company said its Bitcoin holdings stood at 9,477.16 BTC as of June 30, down 65 BTC in the second quarter, with a fair value of $557.1 million.
  • Trump Media, Crypto.com and Yorkville Acquisition withdrew a business combination plan tied to a Cronos treasury strategy and ended an ETF services partnership, citing market conditions and shifts in priorities.

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Trump Media & Technology Group recorded a $360 million loss on cryptocurrency investments in the first half of the year. Its Bitcoin holdings also fell during the…

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