JAKARTA – Trump Media & Technology Group posted a net loss of US$405.9 million in the first quarter of 2026.
The company, owned by the family of US President Donald Trump, said most of the losses came from unrealised stock and cryptocurrency investments.
However, Trump Media reported a cash position of US$17.9 million and total financial assets of US$2.1 billion, according to Bloomberg data.
Of the total loss, around US$370 million was linked to Bitcoin holdings purchased at above US$100,000 per unit in mid-2025, according to Coingecko data.
Trump Media currently holds more than 9,500 Bitcoin, after previously selling around 2,000 Bitcoin in late February when the cryptocurrency fell below US$70,000.
Bitcoin is now trading at around US$80,000, causing the value of Trump Media’s Bitcoin portfolio to decline 31.7% over three months to US$359 million.
About a month before releasing its first-quarter results, Trump Media saw the departure of Devin Nunes, who had served as Chief Executive Officer (CEO) for four years.
He was replaced as CEO by Kevin McGurn, a media and advertising veteran with 25 years of experience.
On Friday (8/5), Trump Media’s share price fell 1% to US$8.93 per share, equivalent to 1.97 times its book value. Over the past year, the stock has dropped about 64%. (KR/LM)
