Trump Media & Technology Group reported a net loss of $405.9 million in Q1 2026, a significant increase from $31.7 million a year earlier. The loss was mainly driven by $244 million in unrealized losses on its cryptocurrency holdings, including 9,542.16 bitcoin and 756.1 million Cronos tokens, plus an additional $108.2 million investment loss mostly from equity securities. Despite $871,200 in revenue, the company’s crypto-related markdowns heavily impacted its financial results. The firm also managed $17.9 million in operating cash flow partly through selling put options on bitcoin-related assets.
Crypto markets experienced $298 million in leveraged liquidations, primarily in Bitcoin and Ethereum, alongside $90 million in outflows from U.S. spot Bitcoin ETFs. This reflects a broader trend of risk reduction and deleveraging across major cryptoc...
Macro strategist Michael Gayed dismissed the idea that Shiba Inu (SHIB) could ever hit $1, explaining that its market capitalization would need to surpass the entire global dollar supply to reach that price. Gayed's blunt response highlights the unre...
Franklin Templeton has filed with the SEC to launch two new ETFs that allocate 95% to U.S. equities and 5% to bitcoin, using corporate dividends to buy bitcoin exposure. This innovative structure aims to create a steady, automatic demand for bitcoin ...
Bitcoin fell below $63,000 due to delayed US-Iran peace talks, a cautious Federal Reserve stance, and a strong US dollar, which pressured risk assets. Institutional support weakened as US spot Bitcoin ETFs saw $2.26 billion in outflows in June. Techn...
Bitcoin fell to around $62,400 following a volatile options expiry and significant liquidations, with nearly $136 million in BTC positions closed, mostly from long traders. Concerns over Strategy potentially selling $3-4 billion in Bitcoin to support...
