Trump Media & Technology Group
DJT · NASDAQOperating co.MediumUnited States
BTC held
12,062
as of Aug 11, 2026 · 0.057% of 21M
Value now
$927M
at BTC $76,827
Basic mNAV
2.89×
mkt cap $2.7B as of Aug 28, 2026
Sats per share
4,340
278M shares as of Aug 7, 2026
Cost basis
- Average cost per BTC
- —
- Total invested
- —
- Unrealized gain
- —
Treasury debt
- 0% convertible senior secured notes from the May 2025 ~$2.44B bitcoin-treasury raise ($1.44B equity at $25.72 + $1.0B converts); conversion price $34.72 vs ~$9.64 stock (deeply out of the money). Secured by 4,260.73 BTC pledged as collateral with withdrawal restrictions until no later than May 29, 2028 (or until principal falls below $500M/$250M thresholds). · 0.00%$1B · due 2028-05-29
Recent activity
In July 2026 DJT sold $159.6M of bitcoin-related equity securities and bought ~4,661 BTC with the proceeds, taking holdings to ~14,139 BTC including pledged coins as of Jul 31, 2026 (fair value $890.5M at $62,982/BTC) per its Q2 10-Q; on Aug 10, 2026 it announced a more disciplined digital-asset framework and a pivot back toward its core media/advertising business, and it terminated the proposed CRO Strategy combination on Aug 7.
Risk notes
Holdings figures vary by treatment of pledged coins: BitcoinTreasuries.net shows 12,062 BTC (Aug 11, 2026), effectively excluding the 2,077.34 BTC pledged to its options counterparty, while the 10-Q total incl. pledged was ~14,139; no cost basis has been filed for the post-July stack — the Jun 30, 2026 filed basis was $1,006.0M for 9,477.16 BTC (~$106,150/BTC), deeply underwater, with H1 2026 digital-asset losses of $360.6M. The $1B 0% secured converts due May 2028 (busted at $34.72 conversion) plus the strategic retreat from BTC accumulation are key overhangs; DJT also holds 756.1M CRO carried at $40.6M vs $113.9M cost.
Sources
- https://www.sec.gov/Archives/edgar/data/1849635/000143774926026777/djt20260630_10q.htm
- https://bitcointreasuries.net/public-companies/trump-media
- https://crypto.news/trump-media-holds-14139-btc-as-q2-loss-hits-238m/
- https://www.globenewswire.com/news-release/2025/05/27/3088703/0/en/Trump-Media-Announces-Approximately-2-5-Billion-Bitcoin-Treasury-Deal.html
- https://www.coindesk.com/business/2025/05/30/trump-media-has-23b-in-bitcoin-buying-power-after-closing-capital-raise
- https://www.fool.com/investing/2026/08/17/after-losses-trump-media-pivot-from-bitcoin/
- https://stockanalysis.com/stocks/djt/
Figures are compiled from public disclosures and may lag. This page is information, not investment advice or a recommendation regarding DJT securities.