Trump Media & Technology Group (TMTG), a leading technology firm, has released its financial results for Q1 2026. The company's net loss during this period reached $405.9 million.
The revenue generated by TMTG in Q1 was $871,200, which is significantly lower than the net loss. A closer examination of the company's financial report reveals that the primary contributor to the net loss is the unrealized losses on its cryptocurrency assets.
TMTG holds a substantial amount of Bitcoin (BTC), with 9,542 units valued at approximately $767 million. The average purchase cost per BTC is around $118,529. In addition to this, the company also possesses 756.1 million Crypto.com Coin (CRO) worth around $113.9 million and its current fair value is approximately $53 million.
To mitigate potential losses due to cryptocurrency volatility, TMTG has implemented covered call options involving 4,000 BTC, of which 2,000 have already been used as collateral.