Trump Media holds approximately $891 million in Bitcoin, posts Q2 loss of $238 million and adjusts digital asset treasury strategy
Odaily Planet Daily News Social media and financial services company Trump Media stated it will adjust its digital asset treasury strategy, allocating more resources to Truth Social, Truth+, and other media businesses while maintaining long-term digital asset exposure and managing market volatility.
Trump Media reported a net loss of $238 million in the second quarter, with unrealized losses on digital assets, staked digital assets, and equity securities totaling $190.4 million. The company disclosed that as of June 30, it held 9,477.16 Bitcoin, with an additional 2,077.34 used as collateral for option strategies.
In July, the company sold Bitcoin-related securities worth $159.6 million and purchased Bitcoin; as of July 31, it held approximately 14,139 Bitcoin including staked Bitcoin, valued at approximately $890.5 million. The company also warned that income arrangements such as lending and allocation involve counterparty credit risk and the risk of assets being unrecoverable. (Cointelegraph)
Trump Media reported a net loss of $238 million in the second quarter, with unrealized losses on digital assets, staked digital assets, and equity securities totaling $190.4 million. The company disclosed that as of June 30, it held 9,477.16 Bitcoin, with an additional 2,077.34 used as collateral for option strategies.
In July, the company sold Bitcoin-related securities worth $159.6 million and purchased Bitcoin; as of July 31, it held approximately 14,139 Bitcoin including staked Bitcoin, valued at approximately $890.5 million. The company also warned that income arrangements such as lending and allocation involve counterparty credit risk and the risk of assets being unrecoverable. (Cointelegraph)
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