Trump Media's Bitcoin Holdings Decline as Crypto Losses Reach $361 Million
Key Takeaways
- •Trump Media's bitcoin holdings declined by 65 BTC during the second quarter of 2026, falling to 9,477.16 BTC with a fair value of $557.1 million as of June 30.
- •The company recorded $360.6 million in losses on digital assets during the first half of 2026 amid a broader downturn in cryptocurrency markets.
- •Approximately two-thirds of Trump Media's bitcoin was pledged as collateral for convertible notes and an options strategy, exposing the company to potential collateral adequacy risks if prices continue falling.
- •Trump Media's holdings of roughly 756.1 million cronos tokens remained unchanged, but their fair value dropped to $40.6 million from $68 million at the end of 2025.
- •Trump Media, Crypto.com, and Yorkville Acquisition mutually terminated their proposed business combination to create a publicly traded CRO treasury company, citing prevailing market conditions and shifting priorities.

Trump Media and Technology Group (DJT), the parent company of Truth Social, saw its bitcoin holdings decline during the second quarter of 2026 as falling cryptocurrency prices saddled the company with $360.6 million in losses for the first half of the year, much of it unrealized. The losses reflect a broader downturn in digital asset markets that has pressured companies with crypto-heavy balance sheets.
According to its quarterly filing submitted Monday, Trump Media held 9,477.16 BTC with a fair value of $557.1 million as of June 30. That represents a 65 BTC decline from the 9,542.16 BTC held at the end of March. The position's fair value also fell substantially from $836 million at the end of 2025. Trump Media is one of a small number of publicly traded U.S. companies that hold significant bitcoin treasuries, a strategy pioneered by firms such as MicroStrategy that has grown more common as companies seek exposure to digital assets.
The company recorded $360.6 million in losses on digital assets and digital assets pledged during the first half of 2026.
Trump Media's holdings of Crypto.com-linked cronos (CRO) remained unchanged at roughly 756.1 million tokens, but their fair value dropped to $40.6 million from $68 million at the end of 2025.
A significant portion of the company's bitcoin was committed as collateral. As of June 30, Trump Media had 4,260.73 BTC pledged against convertible notes and an additional 2,077.34 BTC pledged for its bitcoin options strategy. Together, those pledges account for roughly two-thirds of the company's bitcoin holdings, meaning that sustained price declines could affect the adequacy of that collateral.
Trump Media is majority owned by the Donald J. Trump Revocable Trust. U.S. President Donald Trump holds a significant stake in the trust, which is controlled by Donald Trump, Jr. The company's deepening involvement in digital assets has drawn attention given the Trump administration's posture toward crypto regulation and policy.
The financial results arrived shortly after Trump Media scaled back elements of its cryptocurrency ambitions. On Friday, Trump Media, crypto exchange Crypto.com, and Yorkville Acquisition announced the mutual termination of their proposed business combination to create Trump Media Group CRO Strategy — a publicly traded company designed to build a substantial CRO treasury.
The companies attributed the decision to "prevailing market conditions, and shifting business and stakeholder priorities." They also abandoned a separate arrangement under which Crypto.com would have serviced certain planned Yorkville America exchange-traded funds. Yorkville America stated that its existing and future ETF plans otherwise remain unchanged.