Trump Media’s Q1 loss widens to $406 million on bitcoin, CRO markdowns
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- DJT posted a Q1 net loss of $405.9 million, widening from $31.7 million a year earlier.
- Bitcoin holdings contributed $244 million in unrealized losses, as DJT's 9,542.16 BTC fell in value.
- CRO token markdowns added $108.2 million to the loss, with 756.1 million CRO tokens valued at $53 million.
- Operating cash flow reached $17.9 million, aided by the sale of put options on pledged Bitcoin and Bitcoin‑related securities.
- Revenue rose 6 % to $871,200, with media revenue $810,100 and $61,100 from Truth.Fi management fees.
Why it matters: Investors in DJT see a steep loss as crypto exposure erodes equity, while cash flow stays modest; the drop forces a reassessment of its treasury strategy and pressures its share price.
