CoinDesk·3 min read·medium
Trump Media’s bitcoin holdings shrink as crypto losses hit $361 million
K
Krisztian Sandor
✦AI Summary
Trump Media's quarterly filing reveals a decline in its bitcoin holdings and a significant drop in the fair value of its Cronos token assets. The company also recently terminated a partnership aimed at building a large crypto treasury, citing shifting market conditions.
The company held 9,477.16 bitcoin BTC $ 64,069.32 with a fair value of $557.1 million as of June 30, according to its quarterly filing Monday. That's down from 9,542.16 BTC at the end of March, translating to a 65 BTC decline in holdings through the quarter.
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