Trump Media Moves To Sell Bitcoin As Losses Reach $455 Million
Trump Media & Technology Group is reportedly moving to sell 2,650 Bitcoin, valued at $205 million, after accumulating $455 million in losses on its cryptocurrency holdings. The company, which operates Truth Social, had purchased 11,542 Bitcoin at an average price of $118,522. This potential sale follows the withdrawal of its spot BTC ETF application and comes amid significant financial pressures, including a first-quarter net loss of -$405.9 million on low revenue.
Trump Media moves another $205 million in bitcoin as losses on crypto bet swell to $455 million
Trump Media & Technology Group has transferred an additional 2,650 bitcoin, valued at approximately $205 million, to Crypto.com, intensifying concerns about its cryptocurrency investment approach. The company's total unrealized losses on its bitcoin holdings are now estimated at $455 million, given that bitcoin is trading significantly below its average purchase price of $118,522. This move coincides with an earlier withdrawal of its spot bitcoin ETF application and severe financial difficulties, including a first-quarter net loss of $405.9 million.
Trump Media moves $205 million in Bitcoin to Crypto.com amid mounting losses
Trump Media & Technology Group (TMTG) moved 2,650 Bitcoin, worth $205 million, to Crypto.com, suggesting a potential sale and marking its second major Bitcoin outflow in four months. The company originally bought 11,542 BTC at an average of $119,000 each and reported a Q1 2026 net loss of $406 million, largely due to unrealized losses on digital assets. Observers note that TMTG's Bitcoin acquisition strategy, starting at high prices, contrasts sharply with earlier successful corporate adoptions.
Trump Media & Technology Group (DJT) Valuation After Truth Social Crypto ETF Withdrawal
Trump Media & Technology Group (DJT) recently withdrew plans for Truth Social Bitcoin and Ethereum ETFs, leading to renewed focus on its valuation. The stock has seen significant declines, with a 41.47% year-to-date drop and a 67.06% fall over the past year, alongside a wider quarterly net loss. While its price-to-book ratio of 1.8x appears relatively fair compared to peers, a Discounted Cash Flow (DCF) model suggests the company might be slightly overvalued, raising questions about whether the market is adequately discounting its future growth potential.
Why Trump's bitcoin ETF plans likely collapsed before getting off the ground
Trump Media & Technology Group withdrew its applications for "Truth Social Bitcoin ETF" and "Truth Social Bitcoin & Ethereum ETF" due to a highly competitive spot bitcoin ETF market. Analysts suggest that the decision was driven by collapsing fees and weak demand for existing Trump Media funds, making it difficult for new, undifferentiated products to attract assets. With major financial firms offering ultra-low fees, the chances of success for Trump Media's ETFs were slim.
Trump-linked firm immediately withdraws Bitcoin ETF application
Trump Media & Technology Group Corp. (DJT), linked to Truth Social, withdrew its application for a Bitcoin ETF filed under the '33 Act. Yorkville America, the sponsor, stated this was a strategic decision to utilize the '40 Act framework for enhanced investor protection and flexibility. However, an analyst suggests increased competition from major Wall Street firms like BlackRock and Morgan Stanley might be the real reason for the withdrawal.
Trump Media withdraws Bitcoin ETF filing amid large outflows from US spot Bitcoin ETFs.
Trump Media & Technology Group has withdrawn its proposed Bitcoin ETF filing with the US SEC, citing market uncertainty due to significant outflows from US spot Bitcoin ETFs. The company also abandoned plans for other crypto ETFs, including Bitcoin-Ethereum dual and crypto blue-chip ETFs. This decision reflects growing investor caution and declining institutional demand in the volatile crypto ETF market.
Trump administration backs nuclear fusion — as a company tied to Trump invests in it
The Trump administration is supporting the advancement of nuclear fusion through a new "Fusion Science and Technology Roadmap" aimed at constructing commercial power plants by the 2030s. This initiative has coincided with Trump Media & Technology Group's strategic pivot into the nuclear fusion industry. The roadmap emphasizes federal support for American fusion companies and specifically highlights field-reversed configurations and aneutronic fuels as promising avenues.
Trump Media’s Crypto Hit And Fusion Bet Might Change The Case For Investing In DJT
Trump Media & Technology Group reported a significant Q1 2026 net loss of US$405.81 million, primarily due to unrealized cryptocurrency losses, despite minimal sales. Interim CEO Kevin McGurn highlighted plans to expand the platform and a pending merger with nuclear fusion firm TAE Technologies, attempting to shift the investment narrative from short-term volatility to long-term growth and capital allocation. The article suggests that these new factors make the company's future investment case more complex and subject to varying market perspectives.
Trump Media’s Crypto Hit And Fusion Bet Might Change The Case For Investing In DJT
Trump Media & Technology Group (DJT) reported Q1 2026 results with significant sales but a large net loss attributed to unrealized cryptocurrency losses. Interim CEO Kevin McGurn highlighted platform expansion plans and a pending merger with nuclear fusion firm TAE Technologies. These developments, along with the volatile crypto exposure, introduce new risks and complexities to the investment outlook for the company.
Trump Media hit by $406M loss as crypto bets sour
Trump Media & Technology Group reported a significant net loss of $406 million, primarily due to non-cash expenses related to its merger with a special purpose acquisition company (SPAC). This financial downturn is largely attributed to volatility in the value of convertible notes associated with cryptocurrency ventures. The company's future performance will depend on its ability to stabilize its financial position amidst these challenges.
Trump Media scales back Truth Predict plans, shifts to marketing collaboration with OG.com
Trump Media & Technology Group (TMTG) has significantly reduced the scope of its "Truth Predict" initiative, pivoting from a full prediction market integration with Crypto.com to a mere marketing collaboration with OG.com. This decision comes amidst substantial financial losses for TMTG, reporting $406 million in Q1 2026 against just $3.7 million in revenue for all of 2025. Regulatory uncertainties surrounding prediction markets, highlighted by a costly legal battle between Kalshi and the CFTC, likely contributed to TMTG's change of plans, emphasizing the company's struggle to diversify beyond Truth Social.
Trump Media (NASDAQ: DJT) files Form 144 reporting restricted stock lapse
Trump Media & Technology Group Corp. (NASDAQ: DJT) has filed a Form 144 notice on May 13, 2026, indicating a restricted stock lapse and a proposed sale of Common shares. The filing also references a prior transaction on March 4, 2026, involving 5,304 shares. This routine compliance filing notifies the market of intended resales under Rule 144 as restricted shares become transferable.
Trump Media Posts $406M Loss As Unrealized Losses In Crypto Investments Weigh On Results
Trump Media & Technology Corp. (DJT) reported a significant $406 million loss in Q1, primarily due to $244 million in unrealized digital asset losses stemming from its cryptocurrency investments, including substantial holdings in Bitcoin and Cronos tokens. Despite the losses, the company's revenue increased by 6% to $871,000, and it maintains strong assets and positive operating cash flow. Interim CEO Kevin McGurn highlighted ongoing growth initiatives, including new features for Truth Social and the finalization of a merger with TAE Technologies.
Trump Media (DJT) CTO Vladimir Novachki has 17,104 shares withheld for taxes
Trump Media & Technology Group Corp.'s CTO, Vladimir Novachki, had 17,104 shares of common stock withheld on May 13, 2026, to cover tax obligations. These shares, valued at a weighted average price of $8.757, were not part of an open-market trade, and Novachki received no cash proceeds. Following this transaction, Novachki directly owns 589,234 shares, some of which are restricted stock units.
Trump Media & Technology Group (Nasdaq:DJT) - Stock Analysis
This Simply Wall St stock analysis of Trump Media & Technology Group (DJT) highlights its current market cap of US$2.5 billion and indicates it is 7.7% overvalued. The company faces significant financial challenges, including declining earnings, minimal revenue, and large losses, leading to a "Strong Sell" rating from several analysts. Recent developments include new CEO appointments, board resignations, a planned $6 billion acquisition of TAE Technologies, and continuous efforts to expand its Truth Social and Truth+ platforms with new features and global streaming availability.
Trump Media: Terrible Q1 Results (NASDAQ:DJT)
Trump Media & Technology (DJT) reported Q1 revenues of $871K, a modest 6% year-over-year increase, while losses surged to $405.8 million, indicating deep unprofitability even when excluding non-cash items. The company's expenses significantly exceed its revenues, and despite holding $1.87 billion in cash and investments, its liquidity is constrained by restricted assets and increasing debt. A positive cash flow in Q1 was primarily achieved through delayed payment of liabilities rather than operational profitability.
Trump Media No Longer Controlled by President Trump Following Financing Deals
Trump Media & Technology Group is no longer considered a "controlled company" after recent financing deals diluted President Donald Trump's voting power from 52.1% to 41%. This change, disclosed in an SEC filing, removes the company's ability to opt out of certain Nasdaq governance requirements, such as having a majority-independent board. The company has also seen recent board changes, a proposed merger with TAE Technologies, and significant quarterly losses tied to cryptocurrency investments.
A Look At Trump Media & Technology Group (DJT) Valuation After Recent Share Price Weakness
Trump Media & Technology Group (DJT) has experienced significant share price weakness, with a 35.15% year-to-date decline. Despite trading at a price-to-book ratio of 2x, which is above the industry average but below a peer group average, the company is still reporting substantial losses on modest revenue. A discounted cash flow model suggests the stock might be slightly overvalued, leading to mixed valuation signals for investors.
Trump Media Suffers $405.9 Million Net Loss In First Three Months of 2026
Trump Media & Technology Group (TMTG) reported a significant net loss of $405.9 million and an adjusted EBITDA loss of $387.8 million for the first quarter of 2026, with total sales less than $1 million. The company's financial struggles follow the departure of former CEO Devin Nunes, with Kevin McGurn now serving as interim CEO. Social media reactions largely mocked the dire financial results, questioning the platform's user base beyond Donald Trump himself.
Trump Media posts $406M quarterly loss as crypto bets turn sour
Trump Media & Technology Group reported a significant net loss of $405.9 million in Q1 2026, primarily due to unrealized losses on its Bitcoin and Cronos holdings. Despite these crypto-related losses, the company generated $17.9 million in operating cash flow and saw its total financial assets triple year-over-year. Meanwhile, American Bitcoin, co-founded by Eric Trump, also posted an $81.7 million net loss in the same quarter, though its revenue increased substantially.
Trump Media posts $405 million drop driven by crypto losses
Trump Media & Technology Group reported a significant $405 million net loss, primarily due to charges from its merger with Digital World Acquisition Corp. The company's revenue for the quarter was a modest $770,500. This financial update follows closely on the heels of the company's stock market debut.
Trump Media Reports $2.2B in Assets as Crypto Holdings Drive Q1 Loss
Trump Media and Technology Group (TMTG) reported a Q1 net loss driven largely by unrealized losses from its digital asset holdings, despite having $2.2 billion in assets and positive operating cash flow. The company, which operates Truth Social, continues to focus on platform growth and developing new features, including those tied to cryptocurrency. Its financial results highlight a significant exposure to the crypto sector.
Truth Social owner Trump Media reports another round of drastic losses
Trump Media and Technology Group, owner of Truth Social, reported over $405 million in first-quarter net losses for this year. The company's stock has significantly decreased from its 2022 high, and it has looked into unconventional business ventures like merging with a nuclear fusion company and launching prediction markets to boost investor interest. This comes after consistent net losses in previous years and a recent change in CEO.
Trump Media posts $405 million loss driven by crypto holdings
Trump Media & Technology Group Corp., the parent company of Truth Social, reported a net loss of $405.9 million in the first quarter of 2026. This significant loss was primarily due to unrealized liabilities from its cryptocurrency holdings, specifically investments in Bitcoin made at the market's peak. The company had purchased over 9,500 Bitcoin at an average cost of $108,519 and later sold 2,000 Bitcoin at a price under $70,000.
Parent company of Trump’s Truth Social site reports $400m loss this year
Trump Media and Technology Group (TMTG), the parent company of Truth Social, reported a loss of over $400 million in the first quarter of 2026, primarily due to the depreciation of its cryptocurrency investments. Despite losses, the company is focusing on expanding its infrastructure and audience and pursuing a merger with TAE Technologies. Donald Trump, who holds a significant stake, continues to use Truth Social for announcements and commentary.
Trump Media’s Q1 loss widens to $406 million on bitcoin, CRO markdowns
Trump Media & Technology Group reported a significant Q1 net loss of $405.9 million, primarily due to $244 million in unrealized losses on its cryptocurrency holdings and an additional $108.2 million investment loss. The company held 9,542.16 bitcoin and 756.1 million Cronos (CRO) tokens, with their fair values significantly lower than their cost bases at the end of March. Revenue for the quarter was $871,200.
Trump’s Truth Social Posts Eye-Watering Loss
Trump Media & Technology Group (DJT), the parent company of Truth Social, reported a significant net loss of $405.9 million in the first quarter of 2026, with revenues of only $871,200. This substantial loss was attributed to paper losses from digital assets and stock compensation, occurring despite the company's efforts to project confidence. The news follows a 35 percent plunge in the company's stock this year and the departure of its former CEO.
Trump's company loses half a billion dollars in three months
Donald Trump's media company, Trump Media and Technology Group (TMTG), reported a net loss of $406 million in the first three months of the year, against revenues of only $870,000. These substantial losses are largely attributed to a $3.5 billion Bitcoin purchase made mid-last year, whose value has since crashed. Despite the financial setbacks, the company's interim CEO maintains an optimistic outlook, highlighting plans for growth and platform enhancements for Truth Social.
Trump in red ink calamity as media company loses $400 million in last quarter
Donald Trump's media company, Trump Media and Technology Group (TMTG), reported a net loss of over $400 million last quarter with minimal revenue. Despite these financial losses, the company maintains it has a "strong balance sheet" and is continuing to develop new features for Truth Social, including international expansion. TMTG's interim CEO expressed optimism about future growth and the merger with TAE Technologies.
Trump Media Lost More Than $400 Million Last Quarter – While Notching Paltry Sales Figure
Trump Media and Technology Group, parent company of Truth Social, reported a significant net loss of over $400 million in the last quarter, with sales under $1 million. The company attributed most of these losses to accounting-related charges rather than operational costs. Despite these financial setbacks, Trump Media stated it ended the quarter with substantial assets and positive operating cash flow, and its new interim CEO outlined plans for growth and a proposed merger with TAE Technologies.
Trump Media says its streaming app added channels as cash flow hit $17.9M
Trump Media & Technology Group reported its first-quarter 2026 results, showing $2.2 billion in total assets and $17.9 million in positive operating cash flow, marking its fourth consecutive quarter of such performance. Despite these strengths, the company recorded a GAAP net loss of $405.9 million, largely due to non-cash unrealized losses. TMTG continues to expand and enhance its Truth Social and Truth+ platforms, adding new features and international channels.
Trump's Truth Social hemorrhages $400M in three months as MAGA CEO bolts
Donald Trump's social media platform, Truth Social, reportedly lost over $400 million and recorded less than $1 million in sales during the first quarter of 2026. These significant losses primarily stem from "non-cash losses" related to digital assets and equity securities. This financial struggle follows the recent departure of former GOP Rep. Devin Nunes as the company's CEO.
Trump Media, Parent of Truth Social, Reports Q1 Sales of $871,000 and $405.9 Million Net Loss
Trump Media and Technology Group (TMTG), the operator of Truth Social, reported significant financial results for the first quarter of 2026, including total sales of $871,200 and a net loss of $405.9 million. The majority of the losses were non-cash, stemming from unrealized losses on various assets. Despite the net loss, the company announced a positive operating cash flow of $17.9 million and stated its intentions to expand Truth Social and Truth+ platforms while pursuing a merger with TAE Technologies.
[10-Q] Trump Media & Technology Group Corp. Quarterly Earnings Report
Trump Media & Technology Group Corp. (TMTG) has released its Quarterly Earnings Report (Form 10-Q) for the period ended March 31, 2026. The report details the company's financial performance, showing a net loss of $405.9 million, significantly higher than the $31.7 million loss in the same period last year, largely due to an unrealized loss on digital assets. TMTG's revenue saw a modest increase to $871.2 million, driven by new subscriptions and management fees from its Truth.Fi offerings.
Parent company of Trump’s Truth Social reports $400M loss
Trump Media & Technology Group (TMTG), the parent company of Truth Social, reported a net loss of over US$400 million in the first quarter, largely due to a decline in cryptocurrency valuations. Despite generating less than US$1 million in revenue, the company, valued at US$2.47 billion, is actively expanding its infrastructure and audience. TMTG also announced a merger with TAE, a company developing nuclear fusion technology, expected to close in mid-2026.
Trump Media reports $2.1 billion in financial assets for Q1 2026
Trump Media & Technology Group Corp. (NASDAQ: DJT) reported total assets of $2.2 billion and financial assets of $2.1 billion for the first quarter of 2026, a significant increase from the previous year. Despite a net loss primarily due to non-cash items, the company achieved its fourth consecutive quarter of positive operating cash flow. TMTG plans to use its strong financial position to expand Truth Social, Truth+, and Truth.Fi, introducing new features and programming.
Trump Media, Truth Social's Parent Company, Reports $405 Million In Losses
Trump Media & Technology Group, parent company of Truth Social, reported a significant net loss of $405 million and less than $900,000 in sales during the first quarter of 2026. Despite these considerable losses since its 2021 launch, interim CEO Kevin McGurn expressed confidence in the company's strong balance sheet and positive operating cash flow, promising continued growth and enhancements for Truth Social. This financial report follows a recent change in leadership with Donald Trump replacing the former CEO.
President Trump's Media Company Reports $405 Million In Losses
Donald Trump's media company, Trump Media and Technology Group Corp., reported a net loss of over $405 million in the first quarter of 2026. Despite the significant losses, largely attributed to non-cash items, the company stated it had $2.2 billion in financial assets and $17.9 million in positive operating cash flow. This financial update follows a leadership change within the company.
Boris Epshteyn (DJT) files initial insider ownership with no trades
Boris Epshteyn, a director at Trump Media & Technology Group Corp. (DJT), has filed an initial insider ownership statement (Form 3) with the SEC. The filing reports no transactions, indicating no buys or sells of DJT shares by Epshteyn. This statement merely establishes his beneficial ownership as a director without any reported trading activity.
Trump’s media company keeps getting weirder.
Donald Trump's media company, Trump Media & Technology Group (TMTG), the owner of Truth Social, has pursued unexpected ventures beyond its right-wing social media platform, including financial technology, cryptocurrency, and a proposed merger with a nuclear fusion company for $6 billion. Despite these ambitious moves and Trump's use of the platform to influence markets, TMTG reported significant losses in 2025 and its stock price has plummeted. The company faces uncertain long-term prospects, especially as its relevance is tied heavily to Trump's political presence.
Why Trump Media & Technology Group (DJT) Is Down 7.5% After Naming Kevin McGurn Interim CEO - And What's Next
Trump Media & Technology Group (DJT) saw its stock drop by 7.5% after appointing Kevin J. McGurn as Interim CEO, succeeding Devin Nunes. McGurn's role includes overseeing social media, streaming, and M&A, as the company faces challenges with minimal revenue, operating losses, and a complex digital asset strategy. Investors are keenly watching if McGurn can address monetization and execution issues to reshape the company's investment narrative.
Trump Media CEO Shake-Up Puts DJT Stock, Truth Social Spin-Off and $6 Billion Fusion Deal on the Line
Trump Media's interim CEO, Kevin McGurn, is evaluating whether to separate Truth Social and Truth+ from the company's fusion-energy and digital-asset ventures due to DJT stock hovering near 52-week lows and a significant net loss in 2025. This potential spin-off aims to provide clarity for investors, who currently face a complex blend of political social media, streaming, financial products, digital assets, and a speculative fusion technology bet. McGurn's role, compensation, and the ongoing discussions around a $6 billion merger with TAE Technologies underscore the high stakes for the company's future structure and investor confidence.
Donald Trump's Truth Social stake hit $4 billion. Everyday investors who chased the 'DJT' meme stock have watched billions evaporate
Donald Trump's Truth Social (DJT) stock has seen a significant decline, plunging 75.89% from its March 2024 peak to $9.39 by May 2026. While Donald Trump's personal stake initially reached $4 billion, retail investors who bought into the "meme stock" near its high have watched billions evaporate. The company's fundamentals show a struggle, with 2025 revenue of only $3.68 million against a substantial net loss, raising questions about its operational viability as a media company versus a crypto treasury.
Trump Media (DJT) pursues TAE fusion merger; interim CEO eyes Truth Social spinout
Trump Media & Technology Group's interim CEO, Kevin McGurn, is pursuing a merger with private fusion company TAE Technologies and is considering spinning out Truth Social and Truth+ into a separate publicly traded company. The company aims to capitalize on the increasing demand for energy, particularly from the AI boom, and McGurn intends to address the allocation of $1.8 billion in digital assets between the fusion business and the potential media spinout. The move comes as Trump Media's stock is down about 30% in 2026, following a recent surge after announcing the TAE merger.
Trump Media’s Latest Pivot Is a Leadership Shake-Up
Kevin McGurn has been appointed interim CEO of Trump Media & Technology Group, succeeding former congressman Devin Nunes. McGurn, a seasoned media executive, now faces the challenge of managing the company's diverse business ventures, which include Truth Social.
Trump Media (NASDAQ: DJT) details board, pay and ownership in 10-K/A
Trump Media & Technology Group Corp. (NASDAQ: DJT) filed an amended annual report (10-K/A) detailing its board of directors, executive compensation, and significant ownership stakes. The filing announces leadership changes, including Kevin McGurn's appointment as interim CEO and Boris Epshteyn as board chair, and outlines executive pay structured around high base salaries and time-based RSU grants. It also reveals that Donald J. Trump Jr. and the Donald J. Trump Revocable Trust collectively hold approximately 41% of the company's outstanding shares.
Trump Media & Technology Group (DJT) Proxy Filing Summary
This article summarizes a proxy filing by Trump Media & Technology Group (DJT), detailing an annual meeting scheduled for April 30, 2025. Key proposals include electing directors, reincorporating from Delaware to Florida, amending the 2024 Equity Incentive Plan, and advisory votes on executive compensation and auditor ratification. The board recommends approval of all proposals and director nominees.
Trump Media & Technology Group (NASDAQ:DJT) Stock Price Down 8.5% - Time to Sell?
Shares of Trump Media & Technology Group (NASDAQ:DJT) fell 8.5% on Tuesday to $9.11, trading below its 200-day moving average. Analysts, including Weiss Ratings, maintain a consensus "Sell" rating on the stock, citing its negative earnings per share, massive negative net margin, and high volatility. Institutional investors have, however, increased their holdings in DJT during the fourth quarter.
Trump Media Shake-Up Deepens: DJT Board Adds Trump Allies as New CEO Gets Stock Grant
Trump Media & Technology Group Corp. has announced a significant shakeup, bringing two longtime Trump allies, Meredith O’Rourke and Boris Epshteyn, onto its board. Interim CEO Kevin McGurn secured a nine-month contract with substantial cash compensation and restricted stock units, while former chairman Devin Nunes's exit terms were also clarified. The company faces challenges in generating steady revenue and growing its user base, with mobile monthly active users for Truth Social reportedly down 9%.
