Cryptocurrency has fallen so much that even Trump has withdrawn from the market? Don't panic The sky has fallen, it seems that Trump is preparing to withdraw from the cryptocurrency industry! Today, Trump Media and Technology Group disclosed a net loss of $238.1 million for the second quarter, which is more than ten times higher than the $20 million in the same period last year. Among them, approximately $190.4 million in losses came from unrealized losses on digital assets, pledged digital assets, and stock securities The company immediately announced plans to abandon businesses such as online gambling and cryptocurrency. one ⃣ Is Trump's withdrawal from the circle already a sign? As early as August 7th, Trump Media terminated two "heavyweight" collaborations with http://((Crypto. com)). The first item is to terminate the Trump Media Group CRO Strategy. This was originally a proposed public company that built reserves around the CRO token of http://((Crypto. com)) and obtained profits through staking. On August 7th, Trump Media, http://((Crypto. com)), and SPAC company Yorkville Acquisition jointly cancelled the transaction, citing "changes in the current market environment and business and stakeholder priorities. The second item is to reduce market cooperation in forecasting. Trump Media no longer directly connects the predictive market backend of http://((Crypto. com)) to Truth Social, but instead collaborates on marketing and traffic distribution. The explanation given by interim CEO Kevin McGurn is that the race track for digital asset reserve companies has become overcrowded, and the backend infrastructure for predicting the market is no longer worth investing resources in by Trump media itself. It seems that this is a fairly complete "coin circle exit" story: entering at high points, losing at low points, then patting the buttocks, giving up and leaving. two ⃣ How much did Trump lose before he started to pay off? The Trump Media and Technology Group recorded a net loss of $238.1 million in the second quarter, despite generating only about $1.67 million in revenue. Among them, unrealized losses in digital assets and stock securities accounted for 80% of the net losses. And just BTC, Trump has been trapped by nearly $530 million 。 As of June 30th, Trump Media holds 9477.16 bitcoins in the "Digital Assets" project, with a cost of approximately $1.006 billion and a fair value of only $557.1 million, resulting in a difference of approximately $449 million between cost and market value; In addition, 2077.34 bitcoins were used for option strategy staking, with a fair value of approximately $122.1 million. So, Trump media and technology groups have indeed started to compress peripheral business after the decline in coin prices and the cooling of reserve company narratives. three ⃣ But has Trump really left? Who is Trump? The US President, White House stock guru, hand-painted K-line, arbitrary TACO, the word 'loss' has never been in the dictionary. If you really flip through the 10-Q, you will find that Trump is actually a steadfast BTC HODLer who has never sold a single BTC even at a loss. So, the current situation is that Trump has found it too uneconomical to work on encryption projects. But I don't want to lose a single piece of 'digital gold' in my hand. According to publicly disclosed data, the existing America First ETF under Truth Social Funds is operating normally, http://Truth.Fi The business has not been closed, and Trump Media's digital asset reserves have not been cleared. four ⃣ Get more! Continue to increase inventory! But in fact, losing $530 million is just a sprinkle of water for Trump. Besides, what's the connection between losing money from Trump's company and Trump? Everyone knows that Trump has made a lot of money from the cryptocurrency industry, but how terrifying is the amount? There are three accounts for this issue: Trump himself, the Trump family, and the publicly listed company Trump Media and Technology Group. Trump's 2025 annual financial disclosure provides the first account book. According to documents released by the US Government Ethics Office, Trump's cryptocurrency related revenue in 2025 exceeds $1.4 billion, making it his largest source of income, significantly surpassing real estate and legal settlements. The second account is larger. A Reuters survey in June 2026 estimated that the Trump family had received at least $2.3 billion from four major cryptocurrency projects during their second presidential term. The third account is Trump Media. It is a publicly traded company, with a net loss of $238.1 million and floating losses in the second quarter primarily attributable to the company and all shareholders, which does not mean that Trump personally lost the money he had previously earned. Trump can fully retain relevant economic interests through revocable trusts. So, Trump has no reason to run away. On the contrary, he is happily increasing his holdings. Trump media revealed that he sold Bitcoin related stock securities with a fair value of approximately $159.6 million in July and used the proceeds to directly purchase Bitcoin. By the end of July, the total BTC holdings had increased by approximately 2585, a growth rate of about 22% So, Trump has never left the encryption table. He just looked at the casino business and saved the decoration cost of the casino, while continuing to hold onto his chips tightly.