Trump Media’s Q1 loss widens to $406 million on bitcoin, CRO markdowns
Key takeaways
- The loss was primarily driven by $244 million in unrealized losses on cryptocurrency holdings and an additional $108.2 million investment loss.By Francisco Rodrigues|Edited by Nikhilesh De May 9, 2026, 5:28 p.m.
- The parent company of Truth Social booked $244 million in unrealized losses on its cryptocurrency holdings.
- Trump Media held 9,542.16 bitcoin BTC$80,876.84 at the end of March, with a cost basis of $1.13 billion and a fair value of $647.1 million, the firm wrote in a filing with the SEC.
The loss was primarily driven by $244 million in unrealized losses on cryptocurrency holdings and an additional $108.2 million investment loss.By Francisco Rodrigues|Edited by Nikhilesh De May 9, 2026, 5:28 p.m. 2 min read Make preferred on What to know: Trump Media reported a Q1 net loss of $405.9 million on $871,200 in revenue, widening significantly from $31.7 million a year earlier.The loss was primarily driven by $244 million in unrealized losses on cryptocurrency holdings and an additional $108.2 million investment loss.As of March, DJT held 9,542.16 bitcoin (valued at $647.1 million) and 756.1 million Cronos (CRO) tokens (valued at $53 million).Trump Media & Technology Group (DJT) reported a $405.9 million first-quarter net loss on $871,200 in revenue, widening from $31.7 million a year earlier as unrealized losses on its crypto holdings weighed on results.
The parent company of Truth Social booked $244 million in unrealized losses on its cryptocurrency holdings. It also recorded a $108.2 million investment loss tied mostly to equity securities.
Trump Media held 9,542.16 bitcoin BTC$80,876.84 at the end of March, with a cost basis of $1.13 billion and a fair value of $647.1 million, the firm wrote in a filing with the SEC. That position is now worth around $770 million.