Trump Media's Wild Crypto Ride Leaves Big Loss in Its Wake

United States, USASun May 10 2026
Trump Media & Technology Group, the company behind Truth Social, just shared its money report for early 2026. It shows something interesting: the company actually made $17. 9 million in operating cash flow, which is like money coming in from daily business. But don’t get too excited—it also lost $405 million overall. That’s a huge gap. The big problem? Cryptocurrency. The company put a lot of money into Bitcoin and other digital coins when prices were super high last summer. Now, those coins are worth way less, so the company had to record losses of nearly $370 million. Bitcoin has been on a wild ride, hitting $126, 000 in October before crashing to $60, 000 in February. Right now, it’s back up to around $80, 000, but the damage is done.
Trump Media’s Bitcoin story doesn’t end there. The company owns over 9, 500 Bitcoin, bought last summer at an average price of $108, 500 each. In late February, it sold 2, 000 Bitcoin at just under $70, 000 each. That’s a big loss compared to what it paid. If the company held onto them a little longer, it might have made some money back, but timing is everything. The company’s stock price tells another story. Back in early 2022, it was worth as much as $97. 54. Now? It’s only $8. 93. That’s a drop of over 90%. The stock market isn’t happy with the company’s choices. The CEO, who was a former politician, recently quit, adding to the drama. So, what’s the lesson here? Investing in something as unpredictable as crypto is risky. Just because prices are high today doesn’t mean they’ll stay that way. Trump Media’s experience shows how quickly things can change—and how expensive it can get.
https://localnews.ai/article/trump-medias-wild-crypto-ride-leaves-big-loss-in-its-wake-400280bb

actions