Trump Media & Technology Group Corp. (NASDAQ: DJT) was trading at approximately $7.93 on Friday, May 22, touching a 52-week low of $7.86 during the session in volume of 3.28 million shares, well below the 4.13 million daily average.
The session high of just $8.10 illustrated the extreme compression in the stock’s trading range, as investors reassessed the company’s financial trajectory following a series of damaging disclosures.
DJT’s 52-week range of $7.86 to $27.00 captures the scale of the collapse, with the stock now down over 70% from its annual high and around 75.9% below its public debut price.
The company, which operates the Truth Social platform and Truth+ streaming service, reported a catastrophic first-quarter 2026 net loss of $405.9 million on just $871,200 in revenue, a widening from a $31.7 million loss in the same period a year earlier.
The outsized loss was primarily attributable to the company’s aggressive Bitcoin treasury strategy, which has now generated estimated unrealised losses of approximately $455 million as Bitcoin trades far below the average purchase price of $118,522 per coin.
DJT transferred another 2,650 Bitcoin worth approximately $205 million to Crypto.com on Friday, stating publicly that it had not sold the holdings but providing no further strategic clarity.
The transfer came just days after Trump Media withdrew its application for a spot Bitcoin exchange-traded fund, a move that ETF analysts attributed to deteriorating economics in the Bitcoin ETF market rather than regulatory obstacles.
The company appointed Kevin McGurn as interim CEO in April 2026 following the departure of key leadership, with a Wall Street Journal report noting that the new chief faces a significant challenge in defining a coherent business model for the entity.
DJT carries a market capitalisation of approximately $2.2 billion despite generating de minimis revenue, a premium that analysts attribute entirely to the political brand value of the Trump name rather than any operational metrics.
The stock’s beta of 1.55 reflects the high sensitivity of DJT to news flow around President Trump, and the company’s financial losses are likely to remain a persistent overhang unless the Bitcoin positions recover meaningfully or new revenue streams emerge from Truth Social or Truth.Fi.
