Trump Media reported a net loss of $238 million in the second quarter, driven primarily by unrealized losses of $190.4 million across its digital assets, pledged digital assets and equity securities. The company, which operates Truth Social and Truth+, announced it will revamp its digital asset treasury strategy to preserve long-term exposure while managing volatility and improving balance sheet productivity. As of June 30, Trump Media held 9,477.16 BTC, down from 9,542.16 BTC at the end of the previous quarter. In July, the company sold Bitcoin-related securities worth $159.6 million and used the proceeds to purchase Bitcoin, bringing its holdings to approximately 14,139 BTC, worth about $890.5 million at that time.
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