Trump Media Reports Loss of Rp 7 Trillion in Early 2026, Bitcoin Becomes a Burden
Trump Media & Technology Group, the parent company of Donald Trump’s Truth Social platform, recorded a loss of nearly $406 million US or approximately Rp 7.05 trillion (assuming an exchange rate of Rp 17,377 per US dollar) in the first quarter of 2026.
According to the financial report for January to March 2026, the company only booked revenue slightly above $870,000 US or approximately Rp 15.1 billion.
Although net sales rose 6 per cent year-on-year, Trump Media bore significant losses from other investments, particularly digital assets.
In addition, the company recorded accrued interest expenses of $11.5 million US and stock-based compensation worth $11.8 million US.
Interim CEO of Trump Media, Kevin McGurn, stated that the company continues to leverage its strong financial balance sheet and positive operational cash flow to develop its business and platform infrastructure.
McGurn also said that Truth Social “remains a bastion of free speech” and will introduce several innovative enhancements in the near future, though he did not provide further details.
However, the value of Bitcoin has since fallen by about a third.
Truth Social itself is one of Trump’s favourite communication channels. The platform was created after Trump was banned from Twitter (now X) and Facebook in 2021 following the storming of the US Capitol by his supporters after his first term ended in defeat to Joe Biden.
Although it effectively serves as a communication mouthpiece for Trump, Truth Social is considered not to have developed significantly in business terms.
The merger is aimed at supporting the development of artificial intelligence (AI) data centres through energy supply from nuclear fusion technology.
However, to date, nuclear fusion technology has not yet been able to produce more energy than the energy required for its production process.
McGurn said the company remains committed to accelerating the merger with TAE Technologies while seeking new growth opportunities and ways to enhance value for shareholders.