Trump Media & Technology Group Corp. holds a sizeable chunk of Cronos token on its balance sheet, according to the company's Q2 earnings.

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.

TMTG said it has signed more than 10 customer agreements for Truth API, the service offering faster access to President Donald Trump's posts.