Trump Media (DJT) Stock Plummets 90% as Crypto Writedowns Trigger $406M Q1 Loss
Trump Media reported a massive $406 million net loss in Q1 2026, primarily due to $244 million in unrealized Bitcoin writedowns and $108 million in other investment losses. The company's Bitcoin holdings, originally valued at $1.13 billion, dropped to $647 million, contributing to a 90% collapse in its stock price since early 2022. Despite a slight 6% revenue increase, the financial damage and executive departure highlight significant challenges ahead.
Key Takeaways Trump Media disclosed a catastrophic Q1 net deficit of $405.9 million against minimal revenue of $871,200. Cryptocurrency writedowns dominated losses: $244 million unrealized on Bitcoin, plus $108.2 million on other investments. The firm’s Bitcoin portfolio consists of 9,542 BTC acquired at approximately $1.13 billion, valued at only $647 million by quarter close. Top-line growth remained anemic at 6% annually; former CEO Devin Nunes departed April 22. Share price has collapsed over 90% from its $97.54 high in early 2022. Trump Media & Technology Group disclosed a staggering $405.9 million quarterly deficit for Q1 2026. This represents a dramatic deterioration from the $31.7 million shortfall recorded during the corresponding quarter last year. Trump Media & Technology Group, $DJT, Q1 2026 earnings were released today. EPS (GAAP): reported -$1.47 Revenue: reported $0.87M https://t.co/QaczEw3Yzb — REX Shares (@REXShares) May 8, 2026 Quarterly revenues totaled a mere $871,200. While this figure represents a nominal 6% year-over-year uptick from Q1 2025, it pales in comparison to the company’s substantial financial shortfall. DJT shares recently changed hands around $8.93. The equity has experienced a catastrophic decline exceeding 90% from its early 2022 zenith of $97.54. Trump Media & Technology Group Corp., DJT Cryptocurrency holdings drove the overwhelming majority of financial damage. The company recorded $244 million in unrealized depreciation on its Bitcoin treasury and an additional $108.2 million in losses predominantly from equity investments. Trump Media’s cryptocurrency portfolio contains 9,542.16 BTC. These digital assets were accumulated at an average acquisition price of approximately $108,519 per coin — coinciding with last summer’s market zenith — establishing a total cost foundation of $1.13 billion. By March 31, the portfolio’s market value had contracted to merely $647 million. The differential between acquisition cost and current v...
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