{"id":91135,"date":"2026-05-10T18:31:33","date_gmt":"2026-05-10T18:31:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=91135"},"modified":"2026-05-10T18:31:33","modified_gmt":"2026-05-10T18:31:33","slug":"trump-medias-crypto-bet-implodes-with-massive-406m-quarterly-loss","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=91135","title":{"rendered":"Trump Media\u2019s Crypto Bet Implodes With Massive $406M Quarterly Loss"},"content":{"rendered":"
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Trump Media & Technology Group\u2019s stock now trades around $8.93. That number tells a story on its own. The parent company of Truth Social once peaked at $97.50 a share back in early 2022, and it has shed more than 90% of its value since then.<\/p>\n

CEO Devin Nunes stepped down on April 22, adding leadership uncertainty to a company already under financial pressure.<\/p>\n

A Bad Deal Gets Worse<\/h2>\n

756 million Cronos tokens sit on Trump Media\u2019s books, purchased for close to $114 million as part of a deal with Crypto.com. By March 31, those tokens were valued at just $53 million \u2014 less than half what the company paid.<\/p>\n

That loss<\/a> compounded an already bruising quarter driven largely by Bitcoin purchases made near last summer\u2019s market peak. The company bought roughly 9,500 Bitcoin at an average cost of around $108,519 per coin.<\/p>\n

At quarter-end, the 9,542 Bitcoin it held carried a cost basis of $1.13 billion but a fair value of only $647 million \u2014 a gap of nearly $500 million. Bitcoin has since climbed back above $80,000, pushing the position\u2019s value closer to $770 million.<\/p>\n

<\/p>\n

The total damage<\/a> for the first quarter of 2026 came to $406 million in net losses, up sharply from $31.7 million during the same period a year earlier.<\/p>\n

According to a filing<\/a> with the Securities and Exchange Commission, nearly $370 million of that figure came from unrealized losses on digital assets and equity holdings \u2014 meaning the company has not sold its positions at a loss, but the decline in market value still hit the books hard. An additional $108 million in investment losses was tied mostly to equity securities.<\/p>\n

\"\"<\/p>\n

Revenue Barely Moves<\/h2>\n

While crypto losses<\/a> dominated the quarter, Trump Media\u2019s core media business generated just $871,200 in revenue \u2014 a 6% increase from $821,200 in the first quarter of 2025.<\/p>\n

That figure includes $810,100 in media revenue and $61,100 in management fees tied to Truth.Fi ETF offerings. For a publicly traded company sitting on over $2 billion in total financial assets, the revenue line is thin.<\/p>\n

The company did manage to generate nearly $18 million in operating cash flow during the quarter, helped by selling options on its pledged Bitcoin holdings.<\/p>\n

Of its total Bitcoin position, 4,260 BTC has been pledged as collateral for convertible notes, and another 2,000 BTC is held against covered call options as a hedge.<\/p>\n

Featured image from Thomas Fuller\/SOPA Images\/LightRocket via Getty Images, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Trump Media & Technology Group\u2019s stock now trades around $8.93. That number tells a story on its own. The parent company of Truth Social once peaked at $97.50 a share back in early 2022, and it has shed more than 90% of its value since then. CEO Devin Nunes stepped down on April 22, adding […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-91135","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/91135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=91135"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/91135\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=91135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=91135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=91135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}