What to Know:
- Trump Media Bitcoin moved 2,650 BTC worth about $205 million to Crypto.com.
- The company now sits on an unrealized Bitcoin loss of nearly $455 million.
- Another large transfer has raised fresh questions about possible Bitcoin sales.
Trump Media Bitcoin holdings are under pressure again as Trump Media & Technology Group moved 2,650 Bitcoin to Crypto.com. The transfer was worth around $205 million at current prices.
Blockchain analytics platform Lookonchain flagged the transaction. The move marks the second major Bitcoin outflow from the company this year. Still, a transfer to an exchange does not always mean an immediate sale. The timing matters. Bitcoin trades far below the company’s average purchase price. That gap is now growing wider.
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Trump Media Bitcoin Holdings Keep Shrinking
Trump Media Bitcoin reserves once stood at 11,542 BTC. The company bought the stash at an average price of $118,522 per coin. In total, the firm deployed nearly $1.37 billion into Bitcoin.
Today, Bitcoin changes hands near $77,700. That leaves the position about 34% underwater. On paper, the unrealized loss now sits close to $455 million.
This is not the first large transfer. Four months ago, the company moved another 2,000 BTC worth around $175 million. At the time, Bitcoin traded near $87,378.
Following that transaction, Trump Media disclosed holdings of 9,542 BTC in its Q1 earnings report. After the latest transfer, the company’s Bitcoin treasury appears to have fallen again, this time to roughly 6,889 BTC.
The shrinking reserve is drawing attention across the crypto market. Investors are watching closely to see whether these transfers become confirmed sales.
Trump Media Bitcoin Losses Deepen After Earnings Hit
The latest Bitcoin movement comes shortly after Trump Media posted a massive quarterly loss. Earlier this month, the company reported a net loss of $406 million.
Most of that damage came from unrealized markdowns tied to digital assets and equity securities. The filing showed that about $368.7 million of the loss came from those paper declines alone.
Trump Media also holds 756 million Cronos tokens, worth roughly $2.64 million. The company continues to maintain a broad crypto treasury strategy despite recent losses.
The next on-chain settlement window could reveal more. If the transferred Bitcoin leaves exchange wallets, the market may treat it as another confirmed sale.
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