Trump faces a new crisis after the losses of “Truth Social”

The parent company of US President Donald Trump’s social media platform, Truth Social, announced net losses exceeding $400 million in the first quarter of the year, mostly due to the decline in the value of cryptocurrencies.

Trump Media and Technology Group said in a statement that it generated revenues of less than $1 million during the three months ending March 31.

Because the group is obligated to disclose the value of its investments even if it does not sell them, it recorded losses of $406 million in the first quarter.

Trump, who regularly uses Truth Social to publish his statements, owns about 41% of the group’s shares.

The group is also active in the field of financial services. A year ago, it announced funding worth $2.5 billion to invest in cryptocurrencies, which is one of Trump’s recent interests.

However, the decline in the value of these currencies severely affected the group, as the price of Bitcoin fell from about $126,000 in early October 2025 to less than $70,000 last March.