Truth Social Stock Down 50% as One Investor Sells Off Nearly 800,000 Shares

Company Overview - Trump Media & Technology Group has a market capitalization of $2.8 billion and reported a revenue of $3.7 million for the trailing twelve months (TTM) [4] - The company incurred a net loss of $712.1 million for the year, primarily due to unrealized losses from a decline in cryptocurrency prices [9] - The firm operates a social networking platform, Truth Social, aimed at providing alternative social media experiences for users in the United States [8] Recent Transactions - On February 17, 2026, Alpine Global Management sold 783,379 shares of Trump Media & Technology Group, with an estimated transaction value of $10.69 million based on quarterly average pricing [2] - Following the sale, the value of Alpine's DJT position decreased by $13.83 million, influenced by both share sales and market price movements [2] Stock Performance - The stock price of Truth Social fell nearly 20% during the fourth quarter of 2025 due to the share sell-off by Alpine, and it has continued to decline, dropping another 27% in 2026 [6] - As of the latest report, DJT shares were priced at $10.14, representing a 48% decrease over the past year, significantly underperforming the S&P 500, which increased by approximately 21% during the same period [7] Financial Strategy - The company has begun to incorporate cryptocurrency, particularly bitcoin treasury hedging, into its financial strategy, contributing to increased volatility [6] - Despite the challenges, the firm reported its first quarter of positive operating cash flow at $14.8 million and has $2.5 billion on its balance sheet to support its M&A-focused strategy [9]