Trump Media Q2 2026 earnings: $238 million net loss on crypto

Trump Media reported a net loss of $238 million for Q2 2026, primarily driven by the decline in Bitcoin values. These digital asset losses contributed to a total of $361 million in crypto-related deficits during the first half of 2026. Additionally, merger-related legal costs negatively impacted the Truth Social parent company's financial results. In response to these balance sheet challenges and volatile crypto investments, the firm is now pushing into new business ventures to diversify.