Trump Media to revamp crypto treasury strategy after $238 million Q2 loss
·2 min read
Compiled by KHAO Editorial
— aggregated from 2 sources + 12 references discovered via search.
See llms.txt for citation guidance.
✓ KHAO Verified
Trump Media says it will take a more disciplined approach to its crypto treasury while directing more resources toward its core media business.
Key facts
By July 31, Trump Media reported holding approximately 14,139 BTC, including pledged Bitcoin, worth about $890.5 million at the time
As of June 30, Trump Media held 9,477.16 Bitcoin, down from 9,542.16 BTC at the end of the previous quarter
In July, the company sold Bitcoin-related securities worth $159.6 million and used the proceeds to purchase Bitcoin
Trump Media said it plans to revamp its digital asset treasury strategy after unrealized losses on crypto and securities helped push the company to a $238 million net loss in the second quarter
Summary
Trump Media said it plans to revamp its digital asset treasury strategy after unrealized losses on crypto and securities helped push the company to a $238 million net loss in the second quarter. The company reported $190.4 million in unrealized losses across its digital assets, pledged digital assets and equity securities in its Q2 earnings release on Monday. Trump Media said the new framework is intended to preserve its long-term digital asset exposure while managing volatility and improving the productivity of its balance sheet. Trump Media is the publicly traded company behind Truth Social, Truth+ and financial services brand Truth.