Truth Social parent reports 400-million-dollar loss this year
Trump Media & Technology Group reported a 400-million-dollar net loss in the first four months of 2026, driven mostly by depreciation of its cryptocurrency holdings. The Truth Social parent still carries about 1.8 billion dollars of digital assets on its balance sheet.
According to its 10-Q filing with the SEC, TMTG held 312 million dollars in bitcoin and 1.49 billion in other digital assets at the end of March. Bitcoin's slide below 79,000 and a sharp drop in Solana-derivative tokens accounted for most of the period's loss.
Advertising revenue stayed flat at 5.1 million dollars for the quarter, equivalent to about 0.7 dollars per active user. The company plans to launch its Truth+ streaming service in the US before the end of May; international rollout could slip to 2027.
DJT shares fell about 7% in after-hours trading after the release. The board, chaired by Devin Nunes, reiterated that the crypto position is a long-term treasury strategy. The Senate Banking Committee's 14 May vote on the crypto market structure bill could directly affect the firm.
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