#TrumpCrypto Trump Media & Technology Group recorded a net loss of $405.9 million in Q1 2026, widening sharply from a $31.7 million loss in the same period a year earlier, according to a filing with the Securities and Exchange Commission (SEC) on May 9. Nearly $370 million of the quarter's total losses came from markdowns on digital assets and equity securities. Revenue for the period reached $871,200, up 6% from $821,200 in Q1 2025. #TrumpMedia
The company booked $244 million in unrealized losses on its Bitcoin (BTC) holdings during the quarter. It recorded a further $108.2 million loss tied primarily to equity securities. Both figures reflect the decline in asset values between the time of purchase and March 31, 2026.
☆BTC PURCHASED NEAR LAST SUMMARY PEAK;
Trump Media held 9,542 BTC at quarter's end, with a cost basis of $1.13 billion and a fair value of $647 million as of March 31. The company acquired approximately 9,500 of those coins at an average price of around $108,519 per coin, near last summer's market peak. The position has partially recovered and was valued at approximately $770 million at the time of publication, with BTC trading above $80,000.
The company also holds 756 million Cronos (CRO) tokens, purchased for $113.9 million as part of a deal with Crypto(dot)com. That agreement tied the token to Truth Social and Truth+ rewards programs. The CRO position was valued at $53 million at quarter's end.
Of the company's BTC holdings, 4,260 coins are pledged as collateral for convertible notes, and a further 2,000 are held against covered call options used to manage price risk.
Media revenue accounted for $810,100 of Q1 total revenue. Truth.Fi contributed $61,100 in management fees from exchange-traded fund (ETF) offerings. Total financial assets reached $2.1 billion, three times the level from a year earlier
☆OPERATING CASH FLOW REMAINS POSITIVE;
Despite the net loss, Trump Media generated $17.9 million in operating cash flow during the quarter. That result was supported in part by the sale of put options on its pledged BTC and related securities.
The company's stock, however, has lost more than 90% of its value since peaking at $97.54 in early 2022 and was last trading around $8.93. CEO Devin Nunes stepped down on April 22, 2026.
American Bitcoin, the crypto mining company co-founded by Eric Trump and backed by Donald Trump Jr., separately reported an $81.7 million net loss for Q1 2026, narrowing from $100.6 million a year earlier. Revenue came in at $62.1 million, a 400% increase from $12.3 million in Q1 2025, though the result fell short of analyst estimates by 17%. The company mined a record 817 BTC during the quarter, up from 783 in Q4 2025.
#TrumpMediaLovesBitcoin #crypto