Trump Media and Technology Group reported 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 cryptocurrency holdings.
Truth Social’s parent company recorded $244 million in unrealized losses on its Bitcoin position and another $108.2 million in investment losses mostly related to securities, with roughly $370 million of the quarter’s total losses stemming from writedowns in digital assets and stocks, according to a recent filing with the Securities and Exchange Commission (SEC).
The losses are mostly due to Bitcoin purchases made at the market peak last summer. Trump Media purchased approximately 9,500 bitcoins at an average cost of approximately $108,519 per coin. As of March 31, the company owned 9,542 bitcoins with a cost basis of $1.13 billion but a fair value of only $647 million, a gap of nearly $500 million. The position has since recovered somewhat, and is now worth around $770 million with Bitcoin trading at more than $80,000.
The company also owns 756 million Cronos (CRO) tokens, purchased for $113.9 million as part of the Crypto.com deal last year, which were worth just $53 million at the end of the quarter. Of the company’s bitcoin holdings, 4,260 bitcoins are pledged as collateral for convertible bonds, and another 2,000 bitcoins are held against covered call options to hedge against price fluctuations.
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Cash flow remains positive despite mounting crypto losses
Despite the losses, Trump Media still generated $17.9 million in operating cash flow during the quarter, boosted by Bitcoin-related put options it pledged. Total financial assets reached $2.1 billion, three times their level a year ago.
Revenue was $871,200, up just 6% from $821,200 in Q1 2025, with media revenue of $810,100 and $61,100 in management fees from Truth.Fi ETF offerings.
The results arrive after a turbulent period for the company. CEO Devin Nunes stepped down on April 22, and the stock has lost more than 90% of its value since peaking at $97.54 in early 2022, last trading around $8.93.
Trump media stocks. source: Yahoo! finance
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US Bitcoin company posts quarterly loss of $82 million
As Cointelegraph reported, American Bitcoin, the cryptocurrency mining company co-founded by Eric Trump and backed by Donald Trump Jr., posted a net loss of $81.7 million in the first quarter of 2026, narrowing from a loss of $100.6 million the year before.
Revenue was $62.1 million, a 400% jump from $12.3 million in the first quarter of 2025 but down from $78.3 million in the previous quarter, beating analyst estimates by 17%. The company also reported a loss of 8 cents per share, well above Wall Street estimates of 1 cent.
Despite the loss, the US Bitcoin company mined a record 817 bitcoins during the quarter, up from 783 in the fourth quarter of 2025.
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