Trump Media Group Posts $238 Million Loss Amid Crypto Market Crash

Donald Trump's media group, Trump Media & Technology Group, reported a $238 million loss in the second quarter of 2026. The bulk of the losses stemmed from declines in the value of its Bitcoin and other crypto holdings. The company held significant reserves, including 9,477 Bitcoin and 756 million Cronos tokens. However, the sharp drops in Bitcoin (-46%) and Cronos (-72%) have severely impacted the firm's portfolio value. The losses extended beyond crypto, with $25.6 million in legal expenses and $13.7 million in operating cash used. The company announced plans to resolve legal disputes and merge with an energy infrastructure firm, signaling a strategic pivot away from crypto. This crisis underscores the vulnerabilities of large corporations holding crypto assets.