Trump Media reports $190M digital asset loss
The results of Trump Media & Technology Group, the operator of Truth Social, revealed significant losses totaling $238.1 million in the second quarter of 2026. Revenue increased to $1.7 million from $900,000 the previous year, representing an 89% growth. However, the losses were heavily concentrated on non-cash items, with unrealized losses amounting to $190.4 million related to digital assets and securities, reflecting the volatility in digital asset prices and significantly impacting the financial results. Despite the rise in financial assets to $1.9 billion, the company is facing increasing losses, with the net loss for the first half reaching approximately $644 million. It is also working on completing a merger deal with TAI Technologies during the fourth quarter of 2026 in an effort to diversify its sources of revenue.
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