Trump Media & Technology, the company behind US President Donald Trump's Truth Social platform, reported a $238 million loss in the second quarter, as the value of its bitcoin and Cronos holdings tumbled. The three-month loss through June was more than 10 times the loss recorded a year earlier.

Trump Media & Technology Group posted another large net loss for the second quarter of 2026, of $238.1 million, while the company generated $1.7 million in sales for the period.

The president’s media company posted a massive loss in the latest quarter and plans to ditch new business lines and refocus as a forum for users to post their views.

The parent company of President Donald Trump's Truth Social platform reported a ten-fold increase in losses for the second quarter on Monday, linked to declines in values of its…