Trump Media Lost $238 Million Last Quarter, Up From $20 Million a Year Ago, Mostly on Its Crypto Bets
by Jerome London · Thought CatalogUpdated 5 minutes ago, August 11, 2026
Trump Media, the company behind Truth Social, just reported a steep widening of its quarterly losses, and its crypto investments appear to be the main culprit.
Trump Media lost $238 million last quarter, up from $20 million a year ago, mostly on its crypto bets.
That’s a 12x jump in losses in a single year, and most of it came from crypto that cratered when investors ran from risk.
Over the same three months, the company took in just $1.7 million in revenue.
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