Trump Media, the parent company of Truth Social, has seen its bitcoin holdings shrink in value, according to reporting from CoinDesk. As of the end of June, the company held 9,477 BTC, which was worth $557 million at that time. In addition to its bitcoin holdings, Trump Media's position in Cronos also suffered a significant drop in value.
The total losses from Trump Media's crypto holdings amount to $361 million, as reported by CoinDesk. This significant decrease in value reflects the volatility of the cryptocurrency market.