Parent company of Trump's Truth Social reports $400 mn loss
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Washington DC: Trump Media & Technology Group (TMTG), the parent company of Truth Social, has reported a net loss of over $400 million in the first quarter of 2026.
While President Trump remains a central figure on the platform, the company's financial filing reveals that the ‘vast bulk’ of this loss was not from social media operations, but from a major decline in digital asset valuations.
TMTG had previously invested $2.5 billion into cryptocurrencies, a sector hit hard when Bitcoin's price plummeted from a peak of $126,000 down to below $70,000 in March.
Even though Bitcoin has since partially recovered, accounting rules required the company to report the drop in value, leading to a $406 million hit. With quarterly revenue reaching only $900,000, the company is now focusing on its upcoming merger with nuclear fusion firm TAE to diversify its future interests.
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