Trump Media Reports $361 Million in Crypto Losses as Bitcoin Holdings Decline
The parent company of Truth Social held 9,477 bitcoin valued at $557 million at the end of June following steep valuation drops.
Trump Media & Technology Group reported $361 million in cryptocurrency losses, driven by declining values across its digital asset portfolio.
According to financial disclosures, the parent company of Truth Social held 9,477 bitcoin at the end of June, with a total value of $557 million. The holdings also faced a steep drop in value from its position in Cronos.
The broader losses reflect the impact of market volatility on corporate balance sheets holding digital assets.
Marcus reports on digital assets, from spot ETF flows to protocol-level developments in DeFi. He pays particular attention to how institutional adoption is reshaping crypto market structure.
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