Trump Media’s bitcoin holdings shrink as crypto losses hit $361 million
60-second summary
Trump Media's bitcoin holdings have significantly shrunk as crypto losses hit $361 million, with its 9,477 BTC worth $557 million at the end of June, down from a previously reported value. The company's Cronos position has also declined in value, contributing to the substantial losses, impacting its overall financial stability and investor confidence.
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.