Trump Media posted a wider first-quarter loss of $406 million, largely due to declines in the value of its cryptocurrency holdings.

The company said the loss included $244 million in unrealized markdowns on digital assets such as and , along with an additional $108.2 million in investment-related losses.

These accounting adjustments reflect changes in market prices rather than actual sales, but they had a significant impact on the company’s quarterly results.$BTC

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