Trump Media posted a $405.9 million Q1 net loss after unrealized losses on digital assets and equity securities reached $368.7 million. The company said its crypto treasury was worth $821.9 million against a $1.24 billion cost basis, including 9,542 Bitcoin valued at $767 million. Revenue was $0.9 million, and operating cash flow was $17.9 million in the fourth straight positive quarter. Interim CEO Kevin McGurn said Trump Media is still pursuing its proposed merger with TAE Technologies and new Truth Social features.
