Trump Media and Technology Group (NASDAQ: $DJT) has reported a $360.6 million U.S. loss on its cryptocurrency holdings for this year's first half.
The parent company of Truth Social also reported that its Bitcoin (CRYPTO: $BTC) holdings shrank during the second quarter of the year.
The company backed by U.S. President Donald Trump and his family held 9,477 Bitcoin
valued at $557.1 million U.S. as of June 30, according to its earnings report.
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That's down from 9,542 BTC owned at the end of March this year. The company's Bitcoin holdings declined by 65 tokens in the second quarter.
A big share of Trump Media's Bitcoin was pledged as collateral, with 4,260 BTC pledged against convertible notes and another 2,077 tokens pledged for a Bitcoin options strategy.
