Trump Media & Technology Group (TMTG) reported a loss of $406 million in the first quarter, driven in part by negative impacts related to cryptocurrency-linked investments.
According to the company’s financial results, the quarter included an unrealized loss of $244 million tied to digital assets, alongside an additional investment loss of $108.2 million.
The results highlighted the growing risks faced by companies with significant Bitcoin and digital asset exposure on their balance sheets, particularly amid ongoing volatility in the crypto market.
The development comes as several publicly traded firms continue expanding their exposure to digital assets despite the risks associated with price fluctuations.