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Trump Media’s Crypto Losses Mount | Bitcoin and Crypto News
Description
Trump Media’s crypto portfolio is hemorrhaging cash, with over $360 million in losses this year—mostly from plummeting Bitcoin and Cronos token values. Once worth $557 million, their Bitcoin holdings have sharply declined, with thousands of coins pledged as collateral for convertible notes and options. Amid volatile markets, Trump Media has scrapped major crypto ventures, including a planned merger with Crypto.com, citing shifting priorities. The financial strain reflects the turbulent ride of digital assets under the Trump Revocable Trust.
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