BlockBeats News, May 10th - Trump Media and Technology Group (TMTG) announced its Q1 2026 financial results. The company reported a net loss of $405.9 million and revenue of $871,200 for the first quarter. The loss widened from $31.7 million in the same period last year, mainly due to unrealized losses on its cryptocurrency holdings.

During the reporting period, TMTG held 9,542 bitcoins valued at $767 million, with an average purchase price of $118,529 per bitcoin. Additionally, the company held 756.1 million CRO tokens, with a cost basis of $113.9 million and a fair value of $53 million. Last year, Trump Media completed the acquisition of CRO for $105 million.

TMTG also holds 4,000 bitcoins in covered call options to hedge against cryptocurrency volatility. These options require 2,000 bitcoins as collateral.