Trump Media Q1 Loss Expands to $406 Million After Bitcoin and CRO Decline

Trump Media & Technology Group reported a significantly larger quarterly loss as falling cryptocurrency values weighed heavily on the company’s financial results during the first quarter of 2026.

Trump Media Reports $405.9 Million Quarterly Loss

The parent company of Truth Social posted a net loss of approximately $405.9 million in the first quarter, a sharp increase from the $31.7 million loss reported during the same period a year earlier.

The company generated about $871,200 in revenue for the quarter, slightly higher than the roughly $821,000 recorded in early 2025.

According to financial disclosures, the wider loss was mainly driven by cryptocurrency-related markdowns. Trump Media reported around $244 million in unrealized losses tied to its digital asset holdings, along with another $108.2 million investment loss connected mostly to equity securities.

Bitcoin and CRO Holdings Weigh on Financial Results

As of March 2026, Trump Media held 9,542.16 Bitcoin with a reported cost basis of $1.13 billion and an estimated fair value of $647.1 million at quarter-end.

The company also owned 756.1 million CRO tokens, valued at roughly $53 million compared with a cost basis of $113.9 million. The CRO investment was linked to a previous partnership involving crypto-based rewards tied to Truth Social and Truth+.

Company Maintains Large Bitcoin Strategy

Despite the quarterly loss, Trump Media reported positive operating cash flow of $17.9 million. Part of its Bitcoin holdings remains tied up as collateral for convertible notes, while the company also uses covered call options to manage price volatility.

The firm previously raised $2.5 billion to support a long-term Bitcoin treasury strategy and continues to hold a sizable crypto portfolio.