Trump Media Group Q1 Financial Report: About $400 million in unrealized losses on investments in cryptocurrencies such as BTC

Mars Finance News, on May 10th, Trump Media & Technology Group (TMTG) announced its first-quarter 2026 financial report, with the company reporting a net loss of $405.9 million and revenue of $871.2k, a widening loss compared to $31.7 million in the same period last year, due to unrealized losses on its cryptocurrency holdings dragging down performance.
During the reporting period, TMTG held 9,542 bitcoins, valued at $767 million, with an average purchase cost of $118,529 per bitcoin.
Additionally, the company also holds 756.1 million CRO tokens, with a cost basis of $113.9 million and a fair value of $53 million.
Last year, Trump Media completed the acquisition of CRO, with a transaction amount of $105 million.
TMTG also holds 4,000 bitcoin call options as a hedge against cryptocurrency volatility.
These options require 2,000 bitcoins as collateral.

BTC0.41%
CRO-1.02%
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