Trump Media & Technology Group Corp.

RUM Group stock is up 7% to $9.04 in Friday midday trading, extending an AI-fueled rally, while Trump Media & Technology Group stock is climbing 6% to $9.03, a rare green day for a name that has bled through most of 2026. RUM Group closed its $767 million acquisition of Northern Data AG in June and rebranded from Rumble Inc., unveiling a cloud and AI compute unit called Quake AI, which brought roughly 22,000 NVIDIA H100 and H200 GPUs and more than 200 megawatts of unmonetized energy capacity onto the platform. RUM Group's second-quarter revenue grew 61% to $40.366 million from $25.08 million a year earlier, and management guided Q3 2026 revenue to a range of $87 million to $93 million, pointing to a 3 billion plus annual run rate opportunity if the full 250 megawatts of capacity is monetized on AI compute as a service. Trump Media took the opposite route with its balance sheet, abandoning its Bitcoin treasury strategy in August after roughly $190 million in paper losses, redirecting capital toward Truth Social, Truth+, and its new Truth API data feed under interim CEO Kevin McGurn, and reporting a second-quarter net loss of $238 million driven almost entirely by paper losses on crypto holdings against trailing 12-month revenue of $4.5 million. The Global X Data Center and Digital Infrastructure ETF is down 0.5% to $28.35, isolating this as a single-name repricing on RUM Group's pivot alone, with RUM Group stock up 33% year to date through Thursday's close after buying GPUs and power, while Trump Media stock was down 36% year to date through Thursday's close after buying Bitcoin, taking the loss, and shifting into fusion energy.

Trump Media & Technology Group shares fell 4% to $7.96 after the company abandoned its bitcoin treasury strategy following a reported $190 million paper loss. Interim CEO Kevin McGurn said the company has refined its capital allocation, redirecting resources toward Truth Social, Truth+, and the Truth API data feed, and it has agreed to acquire private nuclear fusion firm TAE Technologies in a deal it aims to close by year-end. Trump Media posted a second-quarter net loss of $238 million, driven almost entirely by paper losses on its crypto holdings, with trailing 12-month revenue of $4.5 million against a trailing net loss of $1.3 billion. Rumble gained 4% to $7.77 as investors rotated into the crypto-free alt-media peer, while Strategy, which holds 840,447 bitcoin at an average price of $75,482, reported a paper loss of nearly $10 billion in the past quarter and faces forced-selling risk.

Trump Media & Technology Group will pivot away from Bitcoin and back into its core media and advertising business after reporting a $190 million paper loss on its crypto holdings. The company, majority-owned by President Donald Trump, holds 12,062 Bitcoins worth nearly $755 million at current prices, but the position is deep under water as Bitcoin has declined for more than 10 months. The move comes amid a broader shakeout among Bitcoin treasury companies, with Strategy reporting a nearly $10 billion paper loss last quarter on its 840,447 BTC acquired at an average price of $75,482 versus Bitcoin's current price of $63,000. The article warns that forced selling by Strategy could trigger a historic market meltdown and advises crypto investors to avoid timing the market and instead buy and hold for the long term.

Shares of Trump Media & Technology fell 18.1% this week after the company reported a $238 million net loss for the second quarter. The loss was driven mainly by a decline in the value of cryptocurrency assets such as Bitcoin held on its balance sheet, while revenue totaled just $1.7 million, primarily from advertising on Truth Social. The company also announced plans to merge with nuclear fusion startup TAE Technologies later this year and is offering investment firms access to the Truth+ API for upwards of $100,000 a month. Despite the drop, the stock still has a market cap of $2.3 billion, and the article concludes investors should avoid buying the dip.

Trump Media & Technology Group CFO Phillip Juhan sold 18,817 shares at a weighted average price of $8.33 per share, totaling about $157,000, on August 13, 2026. The sale was an automated sell-to-cover event to satisfy tax obligations from vesting restricted stock units, not a discretionary trade. Juhan still directly holds 581,749 shares, worth about $4.8 million, and maintains a 0.21% ownership stake. The transaction came days after the company terminated its proposed business combination with Crypto.com and shifted focus to a planned merger with TAE Technologies, expected to close in the fourth quarter. Trump Media reported second-quarter sales of $1.7 million, up from $883,300 a year earlier, but its net loss widened to $238.1 million from $20 million.

Trump Media & Technology Group is facing a federal lawsuit from multiple US media organizations over its plan to sell premium early access to Truth Social posts. The plaintiffs argue the paywall on early access to Truth Social content violates press freedom protections under the First Amendment and raises Fifth Amendment concerns. The case focuses on whether charging for priority access to what plaintiffs describe as presidential or government related communications is constitutional. The lawsuit has drawn national attention from media and legal experts, creating fresh scrutiny of Trump Media & Technology Group's business model and public role. The company reported Q2 2026 sales of US$1.67 million and a net loss of US$238.04 million, and a six month loss of US$643.85 million on US$2.54 million of sales.

President Donald Trump is being sued in a New York court by two media organizations over the parent company of the social media platform Truth Social offering users the ability to pay for early access to Trump's posts. The online news outlet The Intercept and the media group Free Speech for People filed the lawsuit against Trump on Wednesday, August 12, arguing that the program is unusual, corrupt, and unconstitutional because Trump's posts often move financial markets, as they contain announcements about government policy, military operations, and other government decisions. The two media organizations said the program amounts to serious corruption because Trump stands to benefit financially from disclosing market-moving government information to those who can pay his private company. Meanwhile, Democratic members of Congress have called on the U.S. Securities and Exchange Commission to investigate the service, and The Wall Street Journal reported that securities trading firms were among the first to sign up. Trump Media & Technology Group, the parent company of Truth Social, announced in July that it would sell early access to Trump's posts for up to $100,000 per month, or $60,000 per month for those who subscribe for three years. Trump is the largest shareholder of Trump Media & Technology Group through a trust overseen by his eldest son, Donald Trump Jr.

Trump Media & Technology Group recorded total digital asset losses of $360.6 million in the first half of 2026. The decline was driven mainly by falling prices of Bitcoin and Cronos, with unrealized losses on normally held assets of approximately $245.45 million, unrealized losses on collateralized assets of about $7.41 million, reacquisition losses on collateral assets of around $55.55 million, and derecognition losses of roughly $52.24 million. The fair value of digital assets at the end of June fell to about $597.68 million. Second-quarter revenue rose 89 percent year-on-year to approximately $1.67 million, but net loss reached around $238.11 million. The company has terminated several agreements, including a plan to utilize Cronos with Crypto.com, and is shifting its strategy toward marketing partnerships in prediction markets.

Trump Media & Technology Group launched its paid data feed, Truth API, on Saturday, giving financial firms faster access to Truth Social posts from President Donald Trump and other top accounts, as Democratic senators press the SEC to investigate whether the service violates federal law. The company has discussed charging up to $100,000 a month for access, with a reduced rate of $60,000 a month for firms committing to a three-year agreement, and said customers had already signed up before the launch. Senators Elizabeth Warren and Adam Schiff wrote to SEC Chair Paul Atkins last week urging an investigation into whether Truth API runs afoul of insider trading and market manipulation laws, describing it as an outrageous abuse of the President's office for personal benefit. Trump Media spokesperson Shannon Devine rejected that characterization, stating that the feed offers the fastest way to ingest publicly available Truth Social data. Legal experts, including former senior SEC official Renée Jones, have raised concerns that selling premium access to a feed the president uses to release government decisions could violate federal securities law and the 2012 Stock Act.

Trump Media & Technology Group has reportedly moved 2,628 bitcoin worth about $165 million to Crypto.com in two transactions, leaving roughly 4,261 bitcoin in wallets attributed to the company. That remaining balance is nearly identical to the 4,260.73 bitcoin disclosed as collateral for its convertible notes, raising the possibility that the company’s discretionary bitcoin position is effectively gone. Trump Media, which posted a $405.9 million net loss on revenue of just $871,200 in the first quarter, has not disclosed whether the transfers were sales or custody moves, a distinction expected to become clear in its second-quarter Form 10-Q. Crypto.com is one of the company’s two named custodians alongside Anchorage Digital. According to on-chain analytics firm Lookonchain, Trump Media bought 11,542 bitcoin for about $1.37 billion at an average price of $118,522 per coin and has since sold 7,281 bitcoin for about $545 million at an average price of $74,855, leaving the company with an estimated $555 million in combined realized and unrealized losses on its bitcoin investment.

Bitcoin traded above $63,000 on Sunday, rising slightly as the market absorbed expanding Coldcard wallet losses and further Bitcoin sales by Trump Media & Technology Group. Losses linked to a vulnerability in Coldcard hardware wallets have reached 1,367 Bitcoin, worth nearly $89 million, according to Galaxy Research. A third round of transfers drained approximately 208 BTC from 1,912 addresses, bringing the total number of affected addresses across all three waves to 4,585. The flaw originated in a March 2021 firmware release that used a predictable software randomiser when generating wallet seeds, allowing attackers to reproduce possible private keys offline. Trump Media & Technology Group sold another 2,628 BTC worth about $165 million, according to blockchain analytics account Lookonchain, and has reportedly sold 7,281 BTC after initially purchasing 11,542 coins for about $1.37 billion. Strategy Inc, the largest corporate Bitcoin holder, maintained the August dividend on its STRC preferred stock at 12%.

Senator Mark Warner urged major financial industry trade groups to publicly reject Trump Media's Truth API, a paid data feed offering early access to President Trump's Truth Social posts. Warner sent letters to six groups, including the Bank Policy Institute and the American Bankers Association, arguing the deal would let Trump personally profit from market-moving policy information. Sources at two large banks said their institutions had no plans to purchase the feed, citing political risk. Trump Media announced the product on July 16 with a scheduled August 1 launch, pricing it at up to $100,000 per month or $60,000 per month with a three-year commitment. The Donald J. Trump Revocable Trust owns roughly 41% of TMTG shares, managed by Trump's children.

Three Democratic senators are demanding 11 companies disclose whether they are covered by the Trump family's settlement with the Treasury and IRS that appears to block audits and civil or criminal actions against the president, his sons, and affiliated businesses. Senate Minority Leader Chuck Schumer, Senator Elizabeth Warren, and Senator Ron Wyden sent letters to the Trump Organization, World Liberty Financial, Powerus, 1789 Capital, Kalshi, Polymarket, Foundation Future Industrial, Tag Air, American Bitcoin, Kaz Resources, and Trump Media and Technology Group. The senators ask if each firm is an affiliated party under the settlement, whether it is under federal investigation or audit for matters before May 19, 2026, and if any probes were recently dropped. The inquiry follows a January 2026 lawsuit by Donald Trump, Eric Trump, Donald Trump Jr., and the Trump Organization over tax-information leaks, settled in May with terms that the senators call a get-out-of-jail-free card. Donald Trump Jr. is a strategic adviser to Kalshi and Polymarket, and he and Eric Trump hold a stake in American Bitcoin.