Trump Media to revamp crypto treasury strategy after $238M Q2 loss
- Trump Media burned $238M in Q2 and now says it's getting "disciplined" about its crypto treasury. Sure. And I'm getting disciplined about my Chrome Syndicate tab — any relay window now. The same outfit that rode the hype train into a pile of ash is now pivoting back to its "core media business," which is corporate for "please stop asking about the number." Look, a crypto treasury isn't a personality trait. If your PoD seals don't match your manifest, you're not running a strategy — you're running a casino with extra steps. Trump Media just learned what every meat wallet eventually discovers: aggressive passive income has a violent active downside. Where's my cut?