Hello, dear and respected readers of our site! Financial controversy is mounting around Trump Media & Technology Group Corp. (TMTG), the company managed by the family of former US President Donald Trump and owner of the popular social network Truth Social. Zamin.uz team has analyzed the sensational figures in the company's latest report.
Cryptocurrency and millions in 'vanished' funds
The company's financial report for the first quarter of 2026 has caused significant concern among investors. According to it, due to instability in the digital asset market, revenues by $405.9 million have been recorded as decreased.
The bulk of this massive loss — nearly $370 million is attributed to unrealized obligations on digital assets and securities.
As a reminder, in November of last year, the company lost another $400 million due to a sharp drop in the Bitcoin exchange rate.
Complex strategy involving Bitcoin
According to CoinGecko analysis, Trump Media currently holds over 9,500 Bitcoins in its account. Interestingly:
These cryptocurrencies were purchased last July when prices were at their peak (each at $108,500).
In February of this year, the company sold 2,000 Bitcoins at a price slightly below $70,000.
Currently, the price of Bitcoin has risen again, exceeding $80,000. This indicates that the company made a slight miscalculation in timing its sales.
Stock crisis and CEO resignation
The company's situation in the stock market is also far from ideal. At the end of April, CEO Devin Nunes resigned from his position. The main reason cited is that the company's shares have by more than 90 percent depreciated since 2022.
Once valued at over $97, the price of the securities is now only $8.93. It is worth noting that Donald Trump remains the largest shareholder, owning
a 53 percent stake in this company. Dear readers of our site
, in your opinion, how much do such sharp fluctuations in the cryptocurrency market threaten the future of large companies? Can Trump lead his company out of this financial crisis? Leave your thoughts in the comments!Continue following the most interesting news from the world of global economy and technology on
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