Trump Media reports $405 million quarterly loss primarily due to cryptocurrency investments

(SeaPRwire) –   The Trump family’s media company reported a net loss of $405.9 million in the first quarter, primarily due to unrealized losses from its cryptocurrency holdings.

Trump Media & Technology Group Corp., parent company of Truth Social, released its first-quarter 2026 results on Friday, showing positive operating cash flow of $17.9 million and $2.1 billion in financial assets—triple the amount from the same period last year.

However, the firm’s decision to invest in cryptocurrencies at last summer’s market peak led to hundreds of millions in losses this quarter. Nearly $370 million of the total loss stemmed from unrealized liabilities tied to digital assets and equities.

Trump Media currently holds more than 9,500 Bitcoin in its treasury, having acquired the digital assets last July at an average price of $108,519, according to CoinGecko. The company sold 2,000 Bitcoin in late February, when the cryptocurrency was trading just below $70,000.

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Bitcoin is now valued at slightly over $80,000, following a volatile year in which the digital currency peaked at $126,000 in October before plunging to around $60,000 in early February.

Devin Nunes, the company’s CEO and a former Republican congressman from California, stepped down on April 22. Trump Media’s stock has declined by more than 90% since early 2022, when it reached a high of $97.54; it now trades at $8.93.

Read More: Trump’s Crypto Pep Talk Can’t Stop His Memecoin’s Deep Slide

Trump Media is the parent company of the social media platform launched by President Trump after he was banned from Twitter following the January 6, 2021, attack on the U.S. Capitol.