Trump Media & Expertise Group posted a $405.9 million web loss within the first quarter of 2026, up from $31.7 million a 12 months 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 additional $108.2 million in funding losses tied principally to fairness securities, with almost $370 million of the quarter’s complete losses stemming from digital asset and fairness markdowns, in accordance to a current submitting with the Securities and Change Fee (SEC).
The losses principally hint again to Bitcoin purchases made ultimately summer time’s market peak. Trump Media purchased roughly 9,500 Bitcoin at a median 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 spot of almost $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 12 months, which have 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 in opposition to lined name choices to hedge in opposition to value swings.
Associated: UAE agency purchased 49% of Trump-linked crypto startup for $500M
Money circulate stays constructive regardless of mounting crypto losses
Regardless of the losses, Trump Media nonetheless generated $17.9 million in working money circulate throughout the quarter, helped by promoting choices tied to its pledged Bitcoin. Whole monetary property reached $2.1 billion, 3 times the extent from a 12 months 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 fingers 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 12 months earlier.
Income got here in at $62.1 million, a 400% soar 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, effectively above Wall Avenue’s estimate of 1 cent.
Regardless of the miss, American Bitcoin mined a file 817 Bitcoin throughout the quarter, up from 783 in This autumn 2025.
Journal: Trump’s crypto ventures increase battle of curiosity, insider buying and selling questions
