{"id":49458,"date":"2026-08-11T07:04:31","date_gmt":"2026-08-11T07:04:31","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=49458"},"modified":"2026-08-11T07:04:31","modified_gmt":"2026-08-11T07:04:31","slug":"trump-media-widens-quarterly-loss-tenfold-amid-digital-asset-declines","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=49458","title":{"rendered":"Trump Media Widens Quarterly Loss Tenfold Amid Digital Asset Declines"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"600\" src=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2025\/07\/banks-unrealized-loss.jpg?resize=1024,600\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"\" \/><\/p>\n<p>Trump Media &amp; Technology Group recorded a second-quarter net loss that ballooned to $238.1 million.<\/p>\n<p>The figure marks more than a tenfold jump from the $20 million loss in the same period last year, <a href=\"https:\/\/www.wsj.com\/business\/earnings\/trump-media-technology-groups-second-quarter-loss-deepens-on-decline-in-value-of-digital-assets-71ecb749\" rel=\"noopener\" target=\"_blank\">reports<\/a> The Wall Street Journal.<\/p>\n<p>Most of the widening stemmed from non-cash unrealized losses totaling $190.4 million on digital assets, pledged digital holdings and equity securities.<\/p>\n<p>The company generated $1.7 million in revenue during the quarter, an 89 percent rise from $883,300 a year earlier.<\/p>\n<p>TMTG interim CEO Kevin McGurn <a href=\"https:\/\/dailyhodl.com\/2026\/08\/08\/trump-media-terminates-crypto-treasury-plans-to-prioritize-core-operations-and-fusion-energy-merger\/\" rel=\"noopener\" target=\"_blank\">said<\/a> on Friday that the company is terminating a multibillion-dollar cryptocurrency treasury agreement with Crypto.com (CRO), reported Axios.<\/p>\n<p>McGurn said the firm \u201cwanted to get focused\u201d amid the increasingly crowded digital asset treasury market.<\/p>\n<p>Trump Media ended the period with $2.0 billion in total assets, including roughly $1.9 billion in financial holdings such as cash, investments, and digital assets.<\/p>\n<p>Legal costs reached $25.6 million, tied largely to legacy matters now mostly resolved.<\/p>\n<p>The firm operates Truth Social and has shifted toward holding volatile cryptocurrency as part of its treasury strategy in recent periods. McGurn also said\u00a0the company now looks to efficiently monetize Truth Social\u2019s audience and data while finalizing an all-stock merger with TAE Technologies valued at more than $6 billion.<\/p>\n<p>Adjusted EBITDA showed a $223.5 million loss for the three months ended June 30.<\/p>\n<p>Earlier quarters reflected even steeper shortfalls, including $405.9 million in the first quarter of 2026.<\/p>\n<p><em><span>Follow us on <a href=\"https:\/\/x.com\/TheDailyHodl\" target=\"_blank\" rel=\"noopener\">X<\/a>, <a href=\"https:\/\/www.facebook.com\/thedailyhodl\/\" target=\"_blank\" rel=\"noopener\">Facebook<\/a> and <a href=\"https:\/\/t.me\/thedailyhodl\" target=\"_blank\" rel=\"noopener\">Telegram<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span>Don&#8217;t Miss a Beat \u2013 <a href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\" target=\"_blank\" rel=\"noopener\">Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<div class=\"dianomi_context\" data-dianomi-context-id=\"736\"><\/div>\n<p>&amp;nbsp<\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><span><em>Generated Image: Midjourney<\/em><\/span><\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/dailyhodl.com\/2026\/08\/11\/trump-media-widens-quarterly-loss-tenfold-amid-digital-asset-declines\/\">Trump Media Widens Quarterly Loss Tenfold Amid Digital Asset Declines<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/dailyhodl.com\/\">The Daily Hodl<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Trump Media &amp; Technology Group recorded a second-quarter net loss that ballooned to $238.1 million. The figure marks more than a tenfold jump from the $20 million loss in the same period last year, reports The Wall Street Journal. Most of the widening stemmed from non-cash unrealized losses totaling $190.4 million on digital assets, pledged [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":49459,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-49458","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trump Media Widens Quarterly Loss Tenfold Amid Digital Asset Declines - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=49458\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump Media Widens Quarterly Loss Tenfold Amid Digital Asset Declines - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Trump Media &amp; Technology Group recorded a second-quarter net loss that ballooned to $238.1 million. 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