Trump Media Posts $360.6 Million Crypto Loss as Bitcoin Holdings Slip to 9,477

3 articles · Updated · Yahoo Finance · Aug 11

$360.6 million was wiped from Trump Media's cryptocurrency holdings in the first half, according to the Truth Social parent's latest earnings report.
9,477 Bitcoin worth $557.1 million remained on June 30, down from 9,542 at the end of March, with the company blaming market conditions and shifting business priorities.
6,337 of those tokens were pledged—4,260 against convertible notes and 2,077 for a Bitcoin options strategy—limiting flexibility around a key asset.
The crypto hit fed into a $238 million second-quarter net loss on less than $2 million in revenue, while DJT shares have fallen 46% over the past 12 months to $9.39.