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via CoinDesk · By CoinDesk Staff
Trump Media’s Q1 loss widens to $406 million on bitcoin, CRO markdowns
CS
CoinDesk Staff(05:28 PM UTC)
1 min read
The loss was primarily driven by $244 million in unrealized losses on cryptocurrency holdings and an additional $108.2 million investment loss.
Trump Media & Technology Group (DJT) reported a $405.9 million first-quarter net loss on $871,200 in revenue, widening from $31.7 million a year earlier as unrealized losses on its crypto holdings weighed on results.
The parent company of Truth Social…
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