Trump Media and Technology Group posted a net loss of $405.9 million in the first quarter of 2026, up from $31.7 million a year earlier, amid mounting unrealized losses on its crypto holdings.
Truth Social’s parent company reported $244 million in unrealized losses on its Bitcoin position and another $108.2 million in investment losses tied mostly to equity securities, with about $370 million of the quarter’s total losses from digital asset and equity markdowns. According to As of the most recent filing with the Securities and Exchange Commission (SEC).
The losses stemmed mostly from bitcoin purchases made at the peak of last summer’s market. Trump media bought The average price of about 9,500 bitcoins is about $108,519 per coin. As of March 31, the company held 9,542 bitcoins with a cost basis of $1.13 billion but a fair value of only $647 million, a difference of about $500 million. The position has since recovered somewhat, with bitcoin now valued at around $770 million with bitcoin trading above $80,000.
The company also owns 756 million Cronos (CRO) tokens, bought last year for $113.9 million as part of the Crypto.com deal, which was worth just $53 million at the end of the quarter. Of the firm’s bitcoin holdings, 4,260 BTC are pledged as collateral for convertible notes and another 2,000 BTC are held for covered call options to hedge against price swings.
Related: UAE firm buys 49 percent of Trump-linked crypto startup for $500 million
Cash flow remains positive despite rising crypto losses.
Despite the losses, Trump Media still generated $17.9 million in operating cash flow during the quarter, helped by selling options tied to its pledged bitcoin. Total financial assets reached $2.1 billion, three times more than a year ago.
Revenue came in at $871,200, up just 6% from $821,200 in Q1 2025, with $810,100 from Truth.Fi ETF offerings and $61,100 in management fees.
The results come after a tumultuous stretch for the company. CEO Devin Nunes resigned on April 22, and the stock has lost more than 90% of its value since a peak of $97.54 in early 2022, last changing hands around $8.93.
Trump media shares. Source: Yahoo! Finance
Related: Trump-Linked US Bitcoin Triggers 11,298 New ASICs
US Bitcoin posted quarterly loss of $82 million.
As Cointelegraph reported, US Bitcoin, the crypto mining company co-founded by Eric Trump and backed by Donald Trump Jr., reported a net loss of $81.7 million in the first quarter of 2026, down from a loss of $100.6 million a year earlier.
Revenue came in at $62.1 million, a 400% increase from $12.3 million in Q1 2025 but a step down from $78.3 million in the previous quarter, a 17% drop in analysts’ estimates. The company also reported a loss of 8 cents per share, well above Wall Street estimates of 1 cent.
Despite the decline, US Bitcoin mined a record 817 bitcoins during the quarter, up from 783 in Q4 2025.
Magazine: Trump’s crypto ventures raise questions of conflict of interest, insider trading.