Trump Media Reports $361 Million Crypto Loss as Bitcoin Slumps
Trump Media & Technology Group disclosed a $360.6 million loss on its cryptocurrency holdings for fiscal Q2, noting its Bitcoin stash fell to 9,477 BTC (about $557.1 million at June 30) from 9,542 BTC at end-March, with 4,260 BTC pledged as collateral against convertible notes and 2,077 BTC pledged for a Bitcoin options strategy. The company posted a net Q2 loss of $238 million on revenue under $2 million; DJT stock has declined about 46% in the past year to around $9.39, while Bitcoin traded near $64,260 on Aug. 11.