Donald Trump’s family’s media company Trump Media & Technology Group ended the first quarter of 2026 with a loss of $405.9 million. The financial result was most affected by the fall in the value of cryptocurrency assets. This is reported by Bloomberg.
The company’s financial report states that operating cash flow remained positive and amounted to $17.9 million, but this did not save the quarter from significant losses.
Almost $370 million in losses are related to the depreciation of digital assets and stocks that are part of the company’s investment portfolio.
Today, Trump Media owns more than 9,500 bitcoins. The company acquired the bulk of the cryptocurrency in July last year, when the average price of one bitcoin was about $108,500. At the end of February, Trump Media sold 2,000 bitcoins at a price just under $70,000 per coin.
The cryptocurrency market has experienced dramatic changes over the past year. In October, the bitcoin rate rose to about $126,000, but by early February it had fallen to almost $60,000. Currently, the cryptocurrency’s value is again above $80,000.
An additional blow to the company was the dismissal in April of CEO Devin Nunes, a former Republican congressman from California. At the same time, Trump Media shares have lost more than 90% of their value since 2022 — from $97.54 to about $8.93 per share.
Trump Media & Technology Group owns the social network Truth Social, which Donald Trump created after his Twitter account was blocked following the events in the Capitol on January 6, 2021.
