The Trump family media group posted a net drop of $405.9 million in the first quarter, largely driven by unrealized losses in cryptocurrencies held by the company.
Trump Media & Technology Group Corp., which is the parent company of Truth Social, released its first-quarter 2026 results on Friday reporting a positive operating cash flow of $17.9 million and $2.1 billion in financial assets, which is triple the assets from the same period a year ago.
However, the company’s investment in cryptocurrencies at the peak of the market last summer drove hundreds of millions in losses this quarter. Close to $370 million of the company’s losses came from unrealized liabilities in digital assets and equities.
Currently, Bitcoin is valued at a little over $80,000, after a dramatic swing over the last year with the digital currency peaking at $126,000 in October before dropping dramatically to $60,000 in early February.
