{"id":57723,"date":"2026-05-10T20:40:29","date_gmt":"2026-05-10T20:40:29","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/?p=57723"},"modified":"2026-05-10T20:40:29","modified_gmt":"2026-05-10T20:40:29","slug":"trump-media-reports-406m-loss-in-crypto-ventures","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/trump-media-reports-406m-loss-in-crypto-ventures\/","title":{"rendered":"Trump Media Reports $406M Loss in Crypto Ventures"},"content":{"rendered":"\n

As of now, shares of Trump Media & Technology Group trade at approximately $8.93<\/strong>. This figure highlights a significant decline, as the stock once soared to $97.50<\/strong> per share in early 2022, representing a reduction of over 90%<\/strong> in value.<\/p>\n

In a significant shift, CEO Devin Nunes announced his resignation on April 22, contributing to the uncertainty surrounding the company, which is already facing considerable financial challenges.<\/p>\n

<\/span>The Deteriorating Financial Landscape<\/span><\/h2>\n

Trump Media currently holds 756 million Cronos tokens<\/strong>, acquired for close to $114 million<\/strong> through a partnership with Crypto.com. By March 31, the value of these tokens plummeted to $53 million<\/strong>, indicating a loss exceeding 50% of the initial investment.<\/p>\n

A recent report<\/a> outlined that this financial blow is exacerbated by underperforming Bitcoin investments made at the peak of the cryptocurrency market last summer. The company acquired approximately 9,500 Bitcoin<\/strong> at an average price of $108,519<\/strong> per coin.<\/p>\n

The 9,542 Bitcoin now held have a total cost basis of $1.13 billion<\/strong>, but their fair market value has dropped to $647 million<\/strong>, resulting in a loss of nearly $500 million<\/strong>. Bitcoin prices have recently recovered to over $80,000<\/strong>, increasing the asset’s estimated value to around $770 million<\/strong>.<\/p>\n

\"Bitcoin<\/p>\n

The financial fallout<\/a> for the first quarter of 2026 amounted to $406 million<\/strong> in net losses, a stark rise from $31.7 million<\/strong> in the prior year. This decline stems mainly from unrealized losses in digital assets and equity holdings.<\/p>\n

Documentation submitted to the Securities and Exchange Commission<\/a> revealed that approximately $370 million<\/strong> of the losses were unrealized, meaning these positions were not sold at a loss but still impacted the financial statements. An additional $108 million<\/strong> in investment losses was primarily linked to equity investments.<\/p>\n

\"Crypto<\/p>\n

<\/span>Stagnant Revenue Streams<\/span><\/h2>\n

While the company confronted substantial losses in crypto assets<\/a>, its core media business reported a modest revenue of $871,200<\/strong>, reflecting a 6%<\/strong> increase from $821,200<\/strong> during the same quarter in 2025.<\/p>\n

This revenue comprised $810,100<\/strong> from media services and $61,100<\/strong> from management fees related to Truth.Fi ETF offerings. Given that the company has over $2 billion<\/strong> in total financial assets, these revenue figures indicate minimal growth.<\/p>\n

Despite the financial trials, the company managed to generate nearly $18 million<\/strong> in operating cash flow during the quarter, primarily by leveraging options on its Bitcoin holdings. Of its total Bitcoin assets, 4,260 BTC<\/strong> were pledged as collateral for convertible notes, while another 2,000 BTC<\/strong> is associated with covered call options utilized as a hedge.<\/p>\n

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

As of now, shares of Trump Media & Technology Group trade at approximately $8.93. This figure highlights a significant decline, as the stock once soared to $97.50 per share in early 2022, representing a reduction of over 90% in value. In a significant shift, CEO Devin Nunes announced his resignation on April 22, contributing to […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Trump Media Reports $406M Loss in Crypto Ventures - Bitrabo","description":"As of now, shares of Trump Media & Technology Group trade at approximately $8.93 . This figure highlights a significant decline, as the stock once soared to $97"},"footnotes":""},"categories":[316],"tags":[19473,2165,504,4240,3399,1927,15570,6433,2377],"class_list":["post-57723","post","type-post","status-publish","format-standard","hentry","category-crypto-news","tag-406m","tag-bet","tag-crypto","tag-implodes","tag-loss","tag-massive","tag-medias","tag-quarterly","tag-trump"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/57723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=57723"}],"version-history":[{"count":2,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/57723\/revisions"}],"predecessor-version":[{"id":57725,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/57723\/revisions\/57725"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=57723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=57723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=57723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}