Aug 11 (Reuters) - Trump Media & Technology Group ( DJT ),

founded by U.S. President Donald Trump and known for its Truth

Social platform, reported a wider second-quarter loss, largely

due to unrealized losses tied to its cryptocurrency assets.

Its second-quarter net loss jumped to $238.1 million from

about $20 million a year earlier, the company said in a

statement.

Digital assets, including cryptocurrencies, came under

pressure during the April-to-June quarter as investors shunned

riskier assets amid uncertainty over U.S. interest rates,

geopolitical tensions and persistent outflows from crypto

investment products.

The results come as Trump Media ( DJT ) seeks to generate new

revenue from Truth API, a licensed data feed that will give

banks and trading firms "the fastest" access to posts from

influential Truth Social accounts, such as President Donald

Trump's, whose posts often move global markets.

Trump Media ( DJT ) has discussed charging as much as $100,000 a

month for the Truth API product, Reuters and other media outlets

have reported.

The company said on Monday it had signed more than 10

customer agreements for the feed that launched on August 1,

adding that it was continuing to add partners.

"Our new Truth API product is already generating revenue,

with more than ten customer agreements signed to date," the

company's interim CEO, Kevin McGurn, said in a statement.

The company posted $1.7 million in revenue in the quarter

ended June, compared with $0.9 million in the same period last

year.

McGurn added that the company was making progress toward its

proposed merger with fusion energy developer TAE Technologies,

an ambitious bet on the power boom spurred by artificial

intelligence data centers that adds to the Trump family's

growing roster of diverse ventures from cryptocurrency to real

estate holdings and mobile services.

(Reporting by Anusha Shah and Shubham Kalia in Bengaluru;

Editing by Saumyadeb Chakrabarty)