Trump Media Moves $205 Million in Bitcoin as Crypto Losses Deepen

Trump Media Transfers More Bitcoin to Crypto.com

Trump Media & Technology Group (DJT), the parent company of Truth Social, has moved another 2,650 bitcoin worth roughly $205 million to Crypto.com, drawing renewed attention to its cryptocurrency strategy. Lokkonchain data showed the transfer took place during late US trading hours, marking the latest major movement of the company’s bitcoin holdings.

Bitcoin Investment Faces Heavy Unrealized Losses

The company previously acquired 11,542 BTC for nearly $1.37 billion at an average purchase price of $118,522 per coin. With bitcoin recently trading near $77,300, Trump Media is now estimated to be sitting on around $455 million in unrealized losses.

This follows an earlier transfer of 2,000 BTC made about four months ago, when bitcoin traded closer to $87,000.

DJT Financial Pressure Grows Amid Crypto Strategy Questions

The latest move comes shortly after Trump Media withdrew its application for a spot bitcoin exchange-traded fund, fueling speculation over its long-term crypto ambitions.

Financial pressure has also intensified. The company recently reported a first-quarter net loss of $405.9 million while generating only $871,200 in revenue, a sharp increase from losses reported during the same period last year.