[Trump Media and Technology Group Posts $405.9 Million Loss in Q1]



According to BeInCrypto, Trump Media and Technology Group (TMTG) reported a net loss of $405.9 million in the first quarter, primarily due to unrealized losses of $368.7 million on digital assets and equity securities. Stock incentive expenses of $11.8 million and interest appreciation of $11.5 million were also included in the loss. The company's crypto treasury has a cost basis of $1.24 billion and an estimated valuation of $821.9 million, with an unrealized paper loss of approximately $423 million. The treasury holds 9,542 Bitcoin, valued at $767 million, with an average cost of $118.53k per Bitcoin, which declined about 22% in the first quarter. The company also holds 118.53k Cronos tokens, worth $54 million.
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