Trump Media plans a more disciplined crypto treasury strategy after a $238 million Q2 loss, while managing Bitcoin volatility and expanding its media business.

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 Truth Social parent held 9,477 BTC worth $557 million at the end of June, while its Cronos position also suffered a steep drop in value.

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…