Overview
- TMTG, which reported results Friday, posted a $405.9 million net loss on $871,200 in sales for the first quarter.
- The company said most of the deficit came from non‑cash markdowns, including $368.7 million in unrealized losses on digital assets and equity holdings.
- TMTG ended the quarter with $2.2 billion in total assets and reported $17.9 million in cash from operating activities for a fourth straight quarter.
- SEC disclosures show holdings of 9,542 Bitcoin and 756 million Cronos tokens, with quarter‑end values reflecting the crypto slump.
- Leadership shifted in April with Kevin McGurn named interim CEO, and the planned all‑stock merger with fusion firm TAE Technologies remains targeted for mid‑2026.