Trump Media's $238M Q2 loss was driven by $190M in unrealized crypto losses. Bitcoin holdings fell to $558M. The company abandoned a Crypto.com deal.
Alpha Score of 40 reflects weak overall profile with moderate momentum, poor value, moderate quality, moderate sentiment.
Trump Media & Technology Group (DJT) posted a $238 million net loss in the second quarter, driven by unrealized losses on its cryptocurrency holdings. The company said the loss came from non-cash charges rather than money spent or assets sold.
“The vast bulk of the loss came from non-cash charges,” the company said in its earnings report. Those included more than $190 million in unrealized losses on digital assets and equity securities. The report did not disclose how much of that hit came from Bitcoin alone.
The damage extended across the first half of 2026. According to a June SEC filing, Trump Media recorded about $361 million in digital asset-related losses during the six months ended June 30. That figure included more than $245 million in unrealized crypto losses and more than $7 million in unrealized losses on pledged assets. Another $56 million came from reacquiring pledged assets, while more than $52 million resulted from derecognizing assets.
Trump Media’s crypto holdings fell more than 33% to $598 million by June 30. That included $558 million in Bitcoin and $41 million in Cronos, the native token of Crypto.com. Quarterly revenue rose 89% to nearly $2 million. Total assets stood at $2 billion.
The company said it is adopting a “more disciplined” digital asset treasury strategy to manage crypto volatility.
The news comes as Trump Media pulls back from its crypto expansion. Last week, it abandoned plans for a Crypto.com-backed CRO treasury company and ended a broader digital asset agreement with the exchange, citing market conditions and shifting business priorities.
The company also said it had resolved most of its legacy legal matters, which should lower legal expenses and free up resources for growth.
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