Digital assets cost the parent company of “Truth Social” $406 million in losses

The parent company of US President Donald Trump’s social media platform, Truth Social, announced net losses amounting to $406 million in the first quarter of 2026, mostly due to the decline in the value of cryptocurrencies.

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

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 Trump group, as the price of Bitcoin fell from about $126,000 in early October to less than $70,000 in March. Its value has since rebounded to just over $80,000.

Because the group is obligated to disclose the value of its investments even if it does not sell them, it recorded losses amounting to $406 million in the first quarter of 2026. The group explained that the “largest portion” of the losses are due to digital assets.

According to its data, “Trump Media and Technology Group” announced revenues amounting to $900,000 during the first quarter of 2026, which is a small amount for a company whose market value is estimated at about $2.47 billion.

In December 2025, the group announced its merger with the American company TAE, which specializes in developing nuclear fusion technology, and this deal was expected to be completed in mid-2026.