TMTG Suffers Substantial Losses on Bitcoin Holdings Amid Shift to Crypto Ventures

TMTG's financial struggles are not isolated to its media operations. The company's Bitcoin Treasury, which holds around 9,542 BTC, has been impacted by the decline in Bitcoin value. In early 2026, Bitcoin had slid to the $70,000-$74,000 range, resulting in significant unrealized losses for TMTG.

The company spent approximately $2 billion on Bitcoin at peak prices, but its holdings have since lost around 40% in value. This has contributed significantly to TMTG's net loss of $712.3 million in 2025. Despite this, the company still has around $2.5 billion in total liquid assets.

TMTG is exploring a spinoff of its Truth Social platform as it pivots towards cryptocurrency and nuclear energy ventures. The company's social media business continues to struggle, generating just $3.68 million in full-year 2025 revenue against a market capitalization of $5.3 billion. Analysts have been critical of TMTG's financial disclosures, citing a disconnect between the company's market valuation and its revenue fundamentals.