Trump Media holds 14,139 BTC as Q2 loss hits $238M

Trump Media & Technology Group reported a $238.1 million net loss for the second quarter on Aug. 10 as falling digital asset and securities valuations continued to weigh on its balance sheet. Summary Trump Media posted a $238.1 million Q2 loss, with $190.4 million from unrealized asset losses. Bitcoin holdings rose to 14,139 BTC by July 31 after Trump Media bought additional coins. The company pledged 2,077.34 BTC for options and 4,260.73 BTC against convertible notes in June. Trump Media terminated its planned CRO treasury venture days before announcing a revamped treasury framework. Q2 revenue rose 89% to $1.67 million, while quarterly operating cash use reached $13.7 million. The Truth Social operator simultaneously announced plans for a “more disciplined digital asset treasury management framework” aimed at retaining long term crypto exposure while reducing volatility and making its assets more productive. The U.S. listed company remains closely linked to Donald Trump through its ownership structure. Its latest annual report said the Donald J. Trump Revocable Trust, of which Trump is sole beneficiary, held about 41.1% of TMTG’s voting power as of Feb. 25. Donald Trump Jr. s...