Trump Media Group (TMTG) Q1 financial report has been released, with a net loss of 405.9 million USD, of which 368.7 million USD comes from unrealized losses in digital assets.


Translate: Their crypto treasury cost basis is 1.24 billion USD, now valued at 820 million USD, with an unrealized loss of over 400 million USD.

Even more interesting are the details — 9,542 BTC, purchased at an average price of 118,500 USD.
Q1$BTC fell 22%, and this cost basis means they were essentially adding to their position near all-time highs.
When the "$BTC treasury strategy" shifts from MicroStrategy’s faith narrative to massive impairments in quarterly reports, how much tolerance does the market still have for this approach?
After all, not every company has Saylor’s patience and financing capability.
BTC0,48%
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