UNITED STATES — Trump Media & Technology Group reported a net loss of more than $400 million during the first quarter of 2026 following a decline in cryptocurrency valuations.
Okay News reports that Trump Media & Technology Group filed a financial statement on Friday, May 8, 2026, disclosing revenue of less than $1 million for the three-month period ending March 31. The filing attributed the vast bulk of the $406 million loss to the valuation of digital assets held by the firm.
The company previously announced $2.5 billion in funding a year ago to invest in cryptocurrencies. Financial records show the price of Bitcoin fell from over $126,000 in October to below $70,000 in March, though it has since returned to a value over $80,000.
United States President Donald Trump, who utilizes the platform Truth Social for official announcements, controls approximately 41 percent of Trump Media & Technology Group shares. These assets are held in a trust established to manage his financial interests.
The filing stated that the company generated $900,000 in revenue during the quarter. The firm currently holds a stock market valuation of $2.47 billion.
“The vast bulk” of the reported loss originated from digital assets, the company stated. The organization further noted it continues “to focus on expanding its infrastructure and audience to prepare for future monetized features.”
In December, Trump Media & Technology Group announced a merger with TAE, an American company developing nuclear fusion technology. The transaction is scheduled to close in mid-2026.
