Trump Media & Expertise Group posted a $405.9 million web loss within the first quarter of 2026, up from $31.7 million a yr earlier, amid rising unrealized losses on its crypto holdings.
The mum or dad firm of Reality Social booked $244 million in unrealized losses on its Bitcoin place and an extra $108.2 million in funding losses tied principally to fairness securities, with practically $370 million of the quarter’s complete losses stemming from digital asset and fairness markdowns, according to a current submitting with the Securities and Alternate Fee (SEC).
The losses principally hint again to Bitcoin purchases made ultimately summer time’s market peak. Trump Media bought roughly 9,500 Bitcoin at a mean value of round $108,519 per coin. By March 31, the corporate held 9,542 Bitcoin with a price foundation of $1.13 billion however a good worth of simply $647 million, a niche of practically $500 million. The place has since recovered considerably, now price round $770 million with Bitcoin buying and selling above $80,000.
The corporate additionally holds 756 million Cronos (CRO) tokens, bought for $113.9 million as a part of a Crypto.com deal final yr, which had been price simply $53 million at quarter-end. Of the agency’s Bitcoin holdings, 4,260 BTC is pledged as collateral for convertible notes and one other 2,000 BTC is held towards lined name choices to hedge towards value swings.
Associated: UAE firm bought 49% of Trump-linked crypto startup for $500M
Money move stays constructive regardless of mounting crypto losses
Regardless of the losses, Trump Media nonetheless generated $17.9 million in working money move in the course of the quarter, helped by promoting choices tied to its pledged Bitcoin. Whole monetary property reached $2.1 billion, thrice the extent from a yr in the past.
Income got here in at $871,200, up simply 6% from $821,200 in Q1 2025, with media income of $810,100 and $61,100 in administration charges from Reality.Fi ETF choices.
The outcomes arrive after a turbulent stretch for the corporate. CEO Devin Nunes stepped down on April 22, and the inventory has misplaced greater than 90% of its worth since peaking at $97.54 in early 2022, final altering arms round $8.93.
Trump Media shares. Supply: Yahoo! Finance
Associated: Trump-linked American Bitcoin energizes 11,298 new ASICs
American Bitcoin posts $82 million quarterly loss
As Cointelegraph reported, American Bitcoin, the crypto mining firm co-founded by Eric Trump and backed by Donald Trump Jr., posted an $81.7 million web loss within the first quarter of 2026, narrowing from a $100.6 million loss a yr earlier.
Income got here in at $62.1 million, a 400% bounce from $12.3 million in Q1 2025 however a step down from $78.3 million within the prior quarter, lacking analyst estimates by 17%. The corporate additionally reported a lack of 8 cents per share, nicely above Wall Road’s estimate of 1 cent.
Regardless of the miss, American Bitcoin mined a document 817 Bitcoin in the course of the quarter, up from 783 in This autumn 2025.
Journal: Trump’s crypto ventures raise conflict of interest, insider trading questions
