Trump Media Group's Q1 net loss reaches $406 million, with losses on crypto assets dragging down performance
Odaily reported that Trump Media & Technology Group (TMTG) announced its financial results for Q1 2026. The data shows that the company's Q1 net loss was $405.9 million, with revenue of $871,200. The loss expanded compared to the same period last year, mainly due to unrealized losses on crypto assets.
The financial report shows that TMTG currently holds 9,542 BTC, valued at approximately $767 million, with an average purchase cost of about $118,529 per BTC. In addition, the company also holds 756.1 million CRO, with a cost of around $113.9 million, and its current fair value is approximately $53 million. To hedge against the risk of crypto asset volatility, TMTG also possesses covered call options involving 4,000 BTC, of which 2,000 BTC have already been used as collateral.
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