Archive · 11 Aug 2026
Trump Media Reports $238 Million Loss as Crypto Investments Falter
Trump Media, the company that runs the social media app Truth Social, lost a lot of money in the last three months.
The loss was mostly because the value of its digital money, called cryptocurrency, went down.
Digital money can change value very quickly.
During this time, many investors wanted to avoid risky investments.
Trump Media is trying to make money in new ways.
It started a service called Truth API that lets businesses read posts made on Truth Social.
Businesses that trade money may pay a lot to see posts from important accounts like Donald Trump's.
The company says it has already signed more than ten customers for this service.
It is also planning to merge with a company that makes fusion energy, which could help power big computers that use artificial intelligence.
Trump Media & Technology Group reported a $238 million quarterly loss, driven mainly by unrealized losses on its cryptocurrency assets.
The company posted $1.7 million in quarterly revenue, up from $0.9 million in the same period last year.
Truth API, a data service that gives businesses access to posts from major Truth Social accounts including Donald Trump's, launched on August 1.
The company has signed more than 10 Truth API customer agreements and may charge as much as $100,000 a month for the service, according to Reuters and other media reports.
Trump Media said it is making progress on a proposed merger with fusion energy developer TAE Technologies as part of plans to expand beyond social media.
- Who
- Trump Media & Technology Group, led by interim CEO Kevin McGurn, the company behind Truth Social and Donald Trump's posts
- What
- Reported a $238 million quarterly loss largely tied to unrealized losses on cryptocurrency assets, and announced momentum for its new Truth API data service
- When
- Results were announced on a Monday, covering the most recent quarter; Truth API launched on August 1
- Where
- United States
- Why
- Crypto and other digital assets lost value as investors moved away from riskier investments amid concerns over US interest rates, geopolitical tensions, and money leaving crypto investment products
- Quarterly net loss
- $238 million
- Main loss driver
- Unrealized losses on cryptocurrency assets
- Quarterly revenue
- $1.7 million (vs. $0.9 million a year earlier)
- Truth API launch date
- August 1
- Truth API customer agreements
- More than 10 signed
- Reported Truth API price
- Up to $100,000 per month
- Interim CEO
- Kevin McGurn
- Proposed merger
- TAE Technologies (fusion energy developer)