Trump Media’s 14,139 Bitcoin stash faces options exposure and a looming $1 billion debt test

Trump Media's second-quarter results have drawn attention for a $238.1 million loss and a Bitcoin treasury that expanded to 14,139 BTC despite the crypto market downturn.

According to the SEC filing, the Truth Social parent company lost $644 million during the first half of 2026, including $360.6 million from digital assets and pledged digital assets as Bitcoin and Cronos fell. Of this, its second-quarter loss widened from $20 million a year earlier to $238.1 million.

At the same time, Trump Media continued increasing its Bitcoin exposure. The company held 14,139 BTC worth $890.5 million on July 31 after selling $159.6 million of Bitcoin-related securities during the month and using the proceeds to buy Bitcoin directly.

That represented a roughly 22% increase from the 11,554.5 BTC reflected across its direct Bitcoin holdings, and Bitcoin pledged for options at June 30.

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