# Trump Media cryptocurrency partnership terminations > Live situation record from CLSTR: https://clstr.news/situations/trump-media-cryptocurrency-partnership-terminations > Updated: 2026-08-12T22:12:08.000Z. Sources: 141. Developments: 3. Trump Media & Technology Group (TMTG) has terminated several major agreements involving Crypto.com and Yorkville Acquisition Corp. This includes the cancellation of the ‘Trump Media Group CRO Strategy’ venture, a $6.42 billion proposal intended to create a publicly traded company focused on accumulating and staking Cronos (CRO) tokens. The companies cited shifting business priorities and prevailing market conditions for the termination. The cancellation also affects plans for Crypto.com to service certain planned Yorkville America exchange-traded funds (ETFs). Following the announcement of the scrapped treasury plan, the CRO token experienced a significant price decline. TMTG is redirecting its strategic focus toward core media operations and a proposed $6 billion merger with fusion-energy developer TAE Technologies, which is targeted for completion in late 2026. In the second quarter of 2026, TMTG reported a net loss of $238.1 million, a figure more than ten times higher than the loss reported during the same period the previous year. While quarterly revenue reached $1.7 million—an 89 percent year-over-year increase—the downturn was driven largely by $190.4 million in non-cash losses related to digital assets and equity securities. The company’s Bitcoin holdings decreased by 65 BTC during the quarter, contributing to total crypto-linked losses of approximately $361 million for the first half of the year. Interim CEO Kevin McGurn stated the company is pivoting to refocus on its core social media mission via the Truth Social platform. Key initiatives include the launch of Truth API, designed to provide Wall Street trading firms with real-time access to content from top Truth Social users. The service reportedly charges between $60,000 and $100,000 per month, with over 10 customers already signed up. The company also intends to proceed with its planned merger with TAE Technologies. Recent regulatory filings have highlighted new risks regarding TMTG’s digital asset management. ## Claims - The company intends to proceed with its planned merger with nuclear fusion energy firm TAE Technologies by the end of the year. (disputed by 15 sources) - Interim CEO Kevin McGurn announced the company will pivot away from non-media ventures like crypto and online betting to refocus on its social media mission. (disputed by 13 sources) - Trump Media, Crypto.com, and Yorkville Acquisition Corp. have terminated their plan to create a $6.42 billion digital-asset treasury company focused on Cronos (CRO) tokens. (disputed by 9 sources) - Trump Media & Technology Group reported a $238 million loss for the second quarter ending in June. (corroborated by 37 sources) - A significant portion of the quarterly loss was attributed to unrealized paper losses from declining values in digital asset holdings. (corroborated by 33 sources) - Trump Media reported $1.7 million in revenue for the second quarter, an 89 percent increase from the same period last year. (corroborated by 31 sources) - The quarterly loss is more than ten times the amount reported during the same period the previous year. (corroborated by 30 sources) - The company is launching Truth API, a service providing Wall Street firms with real-time access to content from top Truth Social posters. (corroborated by 28 sources) - Truth Social has secured more than ten customers for its Truth API service. (corroborated by 11 sources) - Customers pay between 60,000 and 100,000 US dollars per month for early access to posts. (corroborated by 11 sources) ## Timeline ### 2026-08-12: Trump Media reports $238 million loss and announces strategic pivot Trump Media & Technology Group reported a $238 million second-quarter loss, prompting a strategic pivot back to social media and highlighting significant risks regarding its bitcoin holdings and third-party-lud 3 sources. https://clstr.news/cluster/trump-media-reports-238-million-loss-and-announces-strategic-pivot ### 2026-08-10: Trump Media reports $238 million quarterly loss Trump Media & Technology Group reported a $238 million Q2 loss, largely due to cryptocurrency declines. The company is pivoting back to social media and launching the Truth API for high-speed data access. 116 sources. https://clstr.news/cluster/trump-media-cancels-642-billion-cro-token-treasury-plan ### 2026-08-07: Trump Media ends Crypto.com deals, shifts focus to TAE merger Trump Media and Crypto.com have terminated a $6.4 billion CRO token treasury venture and scaled back prediction market integration on Truth Social, pivoting focus toward a merger with TAE Technologies. 29 sources. https://clstr.news/cluster/trump-media-and-technology-group-halts-crypto-plans-ends-cryptocom-deals --- Cite as: Trump Media cryptocurrency partnership terminations. CLSTR, https://clstr.news/situations/trump-media-cryptocurrency-partnership-terminations