Truth Social's TMTG reports $406 million loss after crypto crash
Trump Media & Technology Group (TMTG), which runs Truth Social, just reported a $406 million loss for early 2026, mostly because its big crypto investments tanked.
Despite making less than $1 million in revenue this quarter, the company is still valued at $2.47 billion, with Donald Trump holding a 41% stake through his trust.
TMTG announced planned $2.5B crypto funding
TMTG's losses came after it had announced plans to provide funding of $2.5 billion to invest in cryptocurrencies like Bitcoin, which crashed from over $126,000 to under $70,000 before bouncing back a bit.
Now, the company says it plans to focus on expanding its infrastructure and audience while preparing for future monetized features while staying optimistic about growing its user base and finding new ways to make money.