DJT

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Trump Media & Technology Corp. (NASDAQ:DJT) sustained significant losses in Q1 and its cryptocurrency holdings are largely to blame. The Truth Social parent on May 8 reported a $406 million loss in Q1, including $244 million in unrealized digital asset losses, wider than the $32 million loss reported for the same period last year. Trump Media is 41% owned by the Donald J. Trump Revocable Trust, a legal entity that holds and manages President Donald Trump‘s assets while he is in office. Don't Miss: Investors With $1M+ Often Use Advisors for Tax Strategy — This Tool Matches You With One in Minutes Discover How AI Can Turn Your Investment Ideas Into Tradable Assets — See How The company said it held 9,542.16 Bitcoin, purchased at a cost of over $1.1 billion, with a fair value of $647 million as of March 31. It also reported holding 756 million Cronos tokens at a cost basis of nearly $114 million and a fair value of about $53 million. The losses come as the cryptocurrency market has endured a significant correction from last year’s highs. Bitcoin, for example, has fallen as much as 52% below its record price of $126,000 reached in October to a low of $60,000 in February. Meanwhile, Trump Media reported about $871,000 in revenue in Q1, 6% up from $821,000 reported last year. Trump Media also reported $2.2 billion in assets and $17.9 million in operating cash as of March 31. Trending: Traditional banks aren't the only place to park cash — see how eligible SoFi users are earning a competitive APY and potentially qualifying for up to $300 with direct deposit. "Trump Media is using its strong balance sheet and positive operating cash flow to continue growing all our businesses and platform infrastructure," Interim CEO Kevin McGurn said in a statement.”We’re identifying new growth opportunities and new ways to increase shareholder value." McGurn said Trump Media was working to finalize its merger with nuclear fusion company TAE Technologies announced in December. The company said it is working on new features for its Truth Social and Truth+ platforms, including discussion and share features for prediction market contracts and expanded live TV offerings. Trump Media stock is down over 90% since 2022. Read Next: Turn your trading skills into real income — without risking...

~ Total Assets of $2.2 Billion and Over $2 Billion in Financial Assets* ~ ~ $17.9 Million Cash Provided by Operating Activities with Fourth Consecutive Quarter of Positive Operating Cash Flow ~ ~ Truth Social, Truth+ Enhancements Continue as TMTG Moves toward Prospective Merger with TAE Technologies ~ SARASOTA, Fla., May 08, 2026 (GLOBE NEWSWIRE) -- Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) (“TMTG” or the “Company”), operator of the social media platform Truth Social, the video streaming service Truth+, and the financial services and FinTech brand Truth.Fi, is announcing its financial results for the fiscal quarter ending on March 31, 2026, and is filing its Form 10-Q with the Securities and Exchange Commission (the “SEC”) today. TMTG closed the first quarter of 2026 with total assets of $2.2 billion and financial assets of approximately $2.1 billion comprising cash, restricted cash, short-term investments, equity securities, note receivable and accrued interest, digital assets, and digital assets pledged—nearly tripling the Company’s $759.0 million in financial assets held at the end of the first quarter of 2025. The Company also announced its fourth consecutive quarter of positive operating cash flow, posting $17.9 million of cash provided by operating activities for the first quarter. Supported by its strong balance sheet, the Company is continuing to pursue all its strategic priorities, including expanding and enhancing its flagship Truth Social and Truth+ platforms. Truth Social is currently developing or testing numerous new features including: Discussion and share features for predictions contracts, provided in cooperation with Crypto.com | Derivatives North America (CDNA). A dedicated feature for sports information and discussion. Boosted truths allowing for increased visibility of specific posts. Enhancements to the platform’s interoperability with Truth+. Continued expansion of the use of artificial intelligence to assist the platform’s performance. The Truth+ video streaming platform had robust enhancements in the first quarter, focusing on expanding content and improving the platform’s ease of use, including: Expanding live TV entertainment options with the addition of new channels including Nothing But Sportz, Retro, and In Touch. Expanding international offerings by adding i24 English Israel, Azores TV, and Western Bound...