Trump Media Reports $238 Million Quarterly Loss as Crypto Holdings Fall

3-line summary

• Trump Media and Technology Group reported a $238 million net loss for April-June, more than 10 times the year-earlier loss, as its cryptocurrency holdings fell in value.
• Revenue rose 89% year-over-year to $1.7 million, and the company closed the quarter with $2 billion in total assets, including about $1.9 billion in cash, short-term investments and digital currencies.
• Interim CEO Kevin McGurn said more than 10 customers have signed up for a new paid service offering faster access to President Trump's Truth Social posts.

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