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Trump Media Q1 Loss Widens to $406M on Bitcoin and CRO Markdowns

2026-05-09 19:55:22

Trump Media posted a $405.9 million first-quarter net loss on $871,200 in revenue, as unrealized markdowns on Bitcoin and CRO weighed on results. The company recorded $244 million in unrealized crypto losses and said its SEC filing showed 9,542.16 BTC with a $1.13 billion cost basis and a $647.1 million fair value at quarter-end. Trump Media also said 4,260.73 BTC backed convertible notes, while Truth.Fi generated $61,100 in ETF-related management fees.

BTC0.79%

CRO0.18%

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