The parent company of Trump Media & Technology Group, which operates Truth Social, has reported a massive $400 million loss in the first quarter of 2026, largely due to the declining value of cryptocurrency investments.
According to a company filing dated March 31, the firm generated only around $870,000 in revenue during the first three months of the year, despite a slight six percent increase in net sales.
The losses were mainly linked to depreciation in digital assets after cryptocurrency prices plunged sharply. The company had previously announced plans to invest nearly $2.5 billion into crypto-related holdings.
US President Donald Trump controls nearly 41 percent of the company’s shares through a trust managing his financial interests while in office.
Truth Social was launched after Trump was removed from major social media platforms following the 2020 US election and the January 6 Capitol riot.
Interim CEO Kevin McGurn said the company remains financially stable and plans to continue expanding its platform infrastructure and future monetization features. He described Truth Social as a “bastion of free speech” with new upgrades expected soon.
The filing also revealed that most losses came from cryptocurrency holdings as Bitcoin prices fell from around $126,000 in October to nearly $70,000 in March before recovering slightly.
At the same time, TMTG is pursuing a merger with TAE Technologies, a US-based nuclear fusion company focused on developing next-generation clean energy technology.
Despite the financial setback, Trump continues to actively use Truth Social for political announcements, commentary, and statements regarding global conflicts, including the Russia-Ukraine war and tensions involving Iran.