Trump Media & Technology Group Records $400m Loss As Crypto Investments Decline

Trump Media & Technology Group, the parent company of Truth Social owned by former US President Donald Trump, has reported losses exceeding $400 million in the first quarter of 2026 amid a sharp downturn in cryptocurrency investments.

According to a March 31 financial filing, the company generated about $870,000 in revenue during the first three months of the year, despite recording a six per cent increase in net sales.

The company attributed the massive losses largely to the declining value of its digital asset holdings following its major investment in cryptocurrencies.

Trump, who owns about 41 per cent of the company’s shares through a trust managing his business interests, launched Truth Social after he was suspended from major social media platforms following the 2020 US presidential election and the January 6 Capitol riot.

TMTG’s interim chief executive officer, Kevin McGurn, said the company remains focused on expanding its operations and strengthening its platform infrastructure.

“We are using our strong balance sheet and positive operating cash flow to continue growing all our businesses and platform infrastructure,” McGurn said.

The company had earlier raised $2.5 billion for cryptocurrency investments, banking on expectations that the Trump administration would create a more favourable regulatory climate for digital assets. However, the crypto market has since experienced significant volatility.

Bitcoin reportedly fell from about $126,000 in October to nearly $70,000 in March before recovering slightly to around $80,000.

TMTG said most of its losses were linked to digital assets, adding that it would continue investing in infrastructure and audience growth ahead of future monetisation plans.

McGurn also described Truth Social as a “bastion of free speech” and hinted at upcoming innovations on the platform.

Meanwhile, the company is pursuing a merger with TAE Technologies, a US-based nuclear fusion technology firm working on alternative energy solutions.

Trump has remained highly active on Truth Social, using the platform for official statements, political commentary and policy announcements.