Full Breakdown
Trump Media & Technology Group’s Stock Plummets to Record Low Amid Financial Turmoil
6/28/2026, 12:54:38 AM
TMTG Shares Hit New Lows
On the Wednesday close, Trump Media & Technology Group (TMTG) stock (NASDAQ: DJT) fell to $7.52 per share, eclipsing the prior all-time low of $7.76. Futurism reported an intraday trough of $7.61. The decline represents a 41 % drop year-to-date and a 57 % fall compared with the same period last year.
Financial Decline and Losses
- First-quarter net loss: > $400 million.
- Revenue (Q1 2026): $870,000.
- Crypto exposure: The company attributes the “vast bulk” of its loss to “unrealized losses” from a steep decline in bitcoin, which is trading roughly 50 % below its late-2025 peak.
- Other losses: Equity securities ($368.7 million), accreted interest ($11.5 million), and stock-based compensation ($11.8 million).
Strategic Moves and Corporate Restructuring
TMTG’s attempts to diversify beyond Truth Social have included:
1. Cryptocurrency investment: Heavy allocation to bitcoin, now a primary source of unrealized loss.
2. Prediction-market venture: Brief forays that failed to generate revenue.
3. Merger with TAE Technologies: A late-2025 agreement to combine with the fusion-energy firm, a sector unrelated to the company’s core micro-blogging platform.
4. Abandonment of spin-off plan: The firm dropped a proposed separation of Truth Social via the SPAC Texas Ventures Acquisition III, without providing a public rationale.
Executive Turnover
Devin Nunes, former Republican congressman and long-time Trump ally, resigned as CEO in April. In a Truth Social post he said it was an “appropriate time” to step aside and allow a new leader to “steer Trump Media through its current transition phase.” No specific reason for his departure was offered.
Official Company Statements
TMTG’s filing emphasized that most of the loss stems from “unrealized losses” tied to cryptocurrency holdings. The statement also listed the breakdown of equity-security, interest, and compensation expenses, framing the downturn as a consequence of market volatility rather than operational failure.
Criticism and Market Skepticism
Analysts cited in the sources describe the company’s trajectory as “circling the drain for over a year now.” The merger with TAE Technologies is characterized as “bizarre and unexpected,” while repeated attempts to reinvent the platform are labeled “desperate stabs at reinvention.” Such language reflects broader investor doubt about the firm’s strategic direction.
Conflicting Reports on Stock Low
- Futurism cites a closing price of $7.52.
- The Daily Beast notes an intraday low of $7.61.
Both figures are presented as record lows, but the exact lowest price differs between sources.
Verbatim Quotes
- “circling the drain for over a year now” — Victor Tangermann, senior editor, Futurism
- “In a statement, the company said the “vast bulk” of the losses were “unrealized losses” in the cryptocurrency market after it took the risky step of heavily investing in bitcoin.” — TMTG filing (company statement)
- “appropriate time” … “steer Trump Media through its current transition phase.” — Devin Nunes, former CEO, Truth Social post
Outlook and Upcoming Developments
TMTG has reaffirmed its plan to merge with TAE Technologies, signaling a shift toward the unproven fusion-energy sector. The abandonment of the Truth Social spin-off leaves the platform under the same corporate umbrella, raising questions about future financing and shareholder value. Market observers will watch quarterly earnings and merger progress for signs of stabilization or further decline.
