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Trump-linked TMTG Posts $406M Loss, Plans Fusion Merger

5/10/2026

24 4 Full Breakdown

Summary

Trump's TMTG Loses

TMTG posted a $406 million loss for the quarter ending March 31, 2026.
The loss was caused by Bitcoin falling from above $126,000 in October to below $70,000 in March.
Despite a $2.47 billion market value, TMTG earned $900,000 in revenue.
President Donald Trump controls about 41 percent of TMTG through a trust.
TMTG announced $2.5 billion in cryptocurrency funding and plans a merger with nuclear-fusion firm TAE by mid-2026.

Summary

TMTG Spins

TMTG will spin off Truth Social and media assets, leaving the DJT-branded unit focused on energy and fusion.
Shares that peaked above $60 after the 2024 IPO fell to about $9.78 on May 9 2026, closing 1% lower.
Interim CEO Kevin McGurn will oversee the spin-off and the December 2025 merger with TAE Technologies, expected to close by mid-2026 and shift the firm to powering AI data centers while preserving operating cash flow.

Summary

Nunes Resigns

Devin Nunes, a former Republican congressman from California, stepped down as CEO of Trump Media & Technology Group on April 22, 2026.
He had overseen the firm’s purchase of more than 9,500 Bitcoin at an average cost of $108,519 per coin.
Despite a $405.9 million net loss, the company posted a positive operating cash flow of $17.9 million in the first quarter of 2026.

History

Historical Context

Bitcoin’s 2018 crash saw the currency tumble about 65 % from its $19,000 peak to roughly $6,000, wiping out crypto-exposed firms such as Coinbase. The same volatility resurfaced in 2026 when Bitcoin fell below $70,000, driving Trump Media & Technology Group to post a $406 million Q1 loss and prompting leadership exits and a merger with TAE Technologies.

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Trump's TMTG Loses

TMTG posted a $406 million loss for the quarter ending March 31, 2026.
The loss was caused by Bitcoin falling from above $126,000 in October to below $70,000 in March.
Despite a $2.47 billion market value, TMTG earned $900,000 in revenue.
President Donald Trump controls about 41 percent of TMTG through a trust.
TMTG announced $2.5 billion in cryptocurrency funding and plans a merger with nuclear-fusion firm TAE by mid-2026.

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