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Trump Media to overhaul crypto treasury strategy after $238.1 million Q2 loss
Trump Media & Technology Group reported a second-quarter loss of $238.1 million, driven largely by $190.4 million in unrealized losses on crypto and securities. The company plans to overhaul its digital-asset treasury approach while keeping Bitcoin central to its capital strategy. As of July 31, it held about 14,139 Bitcoin, up from 9,477.16 BTC on June 30, after a slight decline from 9,542.16 BTC three months earlier.
BTC
BTC+0.11%
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Trump faces lawsuit over Truth API priced at $100,000 a month as Trump Media weighs prediction-market data deals
Trump Media launched Truth API on August 1, offering a low-latency subscription to posts from the 10 most-followed Truth Social accounts, with pricing as high as $100,000 per month. On August 7, the company ended its Trump Media Group CRO Strategy venture with Crypto.com, fueling market concerns. Following the move, Cronos (CRO) fell below $0.05, its lowest level since October 2023.
CRO
CRO+0.17%
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