Trump Media Reports $405.9M Q1 Loss as Bitcoin Holdings Decline in Value

BTC0.78%
CRO-0.13%
According to CoinDesk, Trump Media & Technology Group (TMTG) reported a Q1 2026 net loss of $405.9 million, primarily driven by unrealized losses on its cryptocurrency holdings. The company holds 9,542 bitcoins valued at $767 million, with an average purchase cost of $118,529 per BTC. TMTG also holds 756.1 million CRO tokens with a cost basis of $113.9 million and a fair value of $53 million.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments