• Trump Media posts losses exceeding $400 million
• Crypto slump weighs on Q1 results, weak revenue reported

Trump Media & Technology Group, the owner of the Truth Social platform and affiliated with U.S. President Donald Trump, reported a net loss of more than $400 million in the first quarter of the year, driven largely by a sharp decline in the value of its digital assets.

According to a company filing, revenue for the three months ending March 31 totaled less than $1 million, highlighting weak financial performance despite a high market valuation.

Trump holds about 41% of the company’s shares, which are managed through a trust established to oversee his financial interests during his presidency, while he continues to use Truth Social frequently for announcements and statements.

The company had previously expanded into financial services and, a year ago, announced $2.5 billion in investments in cryptocurrencies, an area of growing interest for Trump.

However, that strategy was hit hard by the downturn in crypto markets, as Bitcoin fell from over $126,000 in October to below $70,000 in March, before later recovering to above $80,000.

The company said accounting rules require it to report market value changes even without selling assets, resulting in a paper loss of $406 million in the first quarter, most of it tied to digital holdings.

Revenue stood at around $900,000, while the company’s market valuation is estimated at about $2.47 billion.

Trump Media said it continues to focus on expanding its infrastructure and user base in preparation for future paid features.

The company also previously announced plans in December to merge with a U.S. firm developing nuclear fusion technology, with the deal expected to close by mid-2026.