Washington DC - The parent company of President Donald Trump's Truth Social platform reported a tenfold increase in losses for the second quarter on Monday, linked to declines in the value of its digital assets.

Trump Media & Technology Group posted a loss of $238.1 million for the quarter ending June 30, the company said in a press release.

This stood in sharp contrast to its $20 million loss for the same quarter in the prior year.

The shortfall was largely due to declines in non-cash assets. This included more than $190 million in losses from "digital assets, digital assets pledged, and equity securities."

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The company meanwhile reported $1.7 million in revenue, up 89 percent from the same period a year earlier.

In its first fiscal quarter, Trump Media & Technology Group similarly reported a net loss mostly due to tumbling cryptocurrency valuations.

The president routinely uses Truth Social to make official announcements.

The company added on Monday that it is well-positioned to complete its proposed merger with nuclear fusion company TAE Technologies in 2026.

The new report comes as Trump signed an executive order Monday, pushing for a rethink of school vaccine mandates and repeating calls for the measles, mumps, and rubella (MMR) vaccine to be separated into three individual shots.

NYC's health commissioner spoke out against Trump's vaccine-related move, claiming it's rooted in politics and conspiracy theories.