Trump Media and Technology Group suffered a loss of $405.9 million in the first quarter

According to BeInCrypto, Trump Media and Technology Group (TMTG) reported a net loss of $405.9 million in the first quarter, mainly due to unrealized losses of $368.7 million in digital assets and equity securities. Equity incentive expenses of $11.8 million and interest appreciation of $11.5 million were also included in the loss. The cost base of the company's encrypted treasury is 1.24 billion US dollars, with a current valuation of 821.9 million US dollars and a floating loss of approximately 423 million US dollars on the books. Caiku holds 9542 bitcoins worth $767 million, with an average cost of $118529 per coin. In the first quarter, bitcoins fell by approximately 22%. The company also holds 756 million Cronos worth $54 million.