Trump Media and Technology Group reported a net loss of $238.1 million for the second quarter of 2026, driven largely by non-cash losses on its cryptocurrency holdings as Bitcoin prices fell during the period. Trump Media also holds a position in the cryptocurrency Cronos, which suffered its own decline in value during the first half of the year. For the full first half of 2026, Trump Media recorded $360.6 million in realized and unrealized losses on digital assets and digital assets pledged. Trump Media said the bulk of that figure consisted of non-cash items, including unrealized losses on digital assets and equity securities totaling $190.4 million, accreted interest of $11.7 million, and stock-based compensation of $8.1 million. Those earnings landed shortly after Trump Media, Crypto.com, and Yorkville Acquisition announced they were walking away from a planned joint venture — Trump Media Group CRO Strategy — that would have created a publicly listed vehicle for accumulating a sizable Cronos treasury, with the parties pointing to "prevailing market conditions and shifting business and stakeholder priorities" as the reason, according to CoinDesk.