Trump Media reported a net loss of $238.1 million for the second quarter of 2026 as the value of its crypto assets declined. The company had posted a loss of approximately $20 million in the same period last year.
Trump Media shares, trading under the ticker DJT, fell more than 8% to $9.39 following the earnings report. Revenue increased from $900,000 to $1.7 million. However, the growth was not enough to offset pressure from crypto assets and operating expenses.
The results came just days after Trump Media halted some of its planned crypto projects with Crypto.com. The companies abandoned plans to establish a CRO-focused digital asset treasury company while also scaling back their ETF and prediction market initiatives.
Crypto assets generated a $116.7 million loss
Trump Media recorded $116.7 million in realized and unrealized losses on digital assets during the second quarter. Its total crypto-related loss for the first half of the year reached $360.6 million.
According to the company’s SEC filing, Trump Media held 9,477 Bitcoin at the end of June. The company acquired these assets at a cost of approximately $1.01 billion, while their fair value had fallen to $557.1 million by the end of the quarter.
Trump Media also held 756.1 million Cronos (CRO) tokens on its balance sheet. These tokens had a cost basis of approximately $113.9 million but were worth only $40.6 million at the end of June.
As a result, the combined market value of Trump Media’s Bitcoin and CRO holdings fell to $597.7 million, compared with a total cost basis of $1.12 billion. Most of the losses reflect unrealized changes in value. Still, the figures highlight how strongly crypto market volatility can affect the company’s balance sheet.
Trump Media increased its Bitcoin position after the quarter ended. The company reported holding approximately 14,139 Bitcoin worth $890.5 million as of July 31.
Crypto.com CRO treasury plan comes to an end
Meanwhile, Trump Media, Crypto.com and Yorkville mutually terminated their plan to establish a CRO-focused digital asset treasury company on August 7. The parties cited prevailing market conditions and shifting corporate priorities.
The plan involved creating a separate company called Trump Media Group CRO Strategy. The new entity intended to use equity and credit facilities to acquire a large amount of CRO.
The parties also ended an arrangement under which Crypto.com would provide services for certain ETFs planned by Yorkville America. As a result, Crypto.com will no longer supply infrastructure and custody services for those funds. The joint statement noted that Yorkville America’s other existing and planned funds remain unchanged.
However, the relationship between Trump Media and Crypto.com has not ended entirely. The companies replaced their plan to integrate prediction markets directly into Truth Social with a marketing agreement. Crypto.com will continue promoting its prediction market products to Truth Social users.
Trump Media will also retain the CRO tokens it previously acquired. Existing contractual restrictions prevent the company from immediately selling most of its 684.4 million CRO holdings. The first sales window will open on August 26, 2026. The restrictions will ease gradually before expiring completely in August 2029.
Trump Media seeks new sources of revenue
As management scales back its crypto plans, Trump Media is trying to generate more revenue from Truth Social. On August 1, the company launched Truth API, which provides banks and trading firms with low-latency access to social media data.
Trump Media said it had already signed agreements with more than 10 customers. The company previously considered charging as much as $100,000 per month for access to Truth API.
Trump Media is also working to complete its proposed merger with nuclear fusion company TAE Technologies. The deal could expand the company beyond social media and crypto into the energy sector.
