Trump-Backed American Bitcoin Posts $82M Loss Despite Record BTC Mining Output
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9 Articles
Company is the controller of the social network Truth Social, launched by the president of the United States
TruthSocial Parent Company Trump Media Posts 600 Billion Won Deficit Due to Bitcoin Investment Failure. The parent company of TruthSocial, the social media platform used by U.S. President Donald Trump, has recorded a deficit in the hundreds of billions of won due to failed cryptocurrency investments. According to Bloomberg on the 9th (local time), Trump Media and Technology
Jakarta, 17 March 2020 - The Trump family's media company, Trump Media Technology Group Corp, reported a net loss of USD 4059 million, or around IDR 65 trillion, in the first quarter of this year.
Crypto Market Slump Pushes Trump Media Into Massive Quarterly Loss - News Next Live
A sharp decline in cryptocurrency prices has dealt a major blow to Trump Media and Technology Group, the company linked to US President Donald Trump. The media firm reported a loss of nearly 405.9 million dollars during the first quarter of the year, with falling digital asset values emerging as one of the key reasons behind the setback. The company, which operates the social media platform Truth Social, has significantly expanded its exposure t…
Trump Media is on high losses from its Bitcoin purchases. Other crypto investments also press the balance sheet. Source: BTC-ECHO BTC-ECHO
Trump-Backed American Bitcoin Posts $82M Loss Despite Record BTC Mining Output - Invest In Crypto News
Despite the headline loss, the company emphasized that it continued accumulating Bitcoin rather than selling into weakness. American Bitcoin (ABTC), the Trump family-backed BTC company, released its Q1 2026 financial results earlier in the week, and they showed a nearly $82 million net loss for the period. This was despite the firm mining a record 817 BTC. Mining Output Goes Up, But BTC Price Drop Hits Earnings Per documents it filed wi…
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