Trump Media moved but 'did not sell' $205 million in bitcoin amid rising losses on crypto bets

📄Full Article· Automatically extracted by trafilatura3311 words

Trump Media moved but 'did not sell' $205 million in bitcoin amid rising losses on crypto bets DJT’s bitcoin strategy remains under pressure as the company sits on hundreds of millions in unrealized crypto losses and widening quarterly deficits. What to know: - Trump Media & Technology Group transferred another 2,650 bitcoin, worth about $205 million, to Crypto.com, but said it didn't sell them. - The company, which bought 11,542 bitcoin at an average price of $118,522, is now estimated to be down roughly $455 million on its holdings as bitcoin trades far below its purchase price. - The move follows Trump Media’s withdrawal of its spot bitcoin ETF application and comes amid steep financial pressure, including a first-quarter net loss of $405.9 million on just $871,200 in revenue. Trump Media & Technology Group (DJT), the parent company of Truth Social, has transferred another 2,650 bitcoin At current market prices, the transfer is worth roughly $205 million, with bitcoin trading at approximately $77,341 per token. Blockchain data shows the deposit occurred during late U.S. evening hours, according to Lookonchain, marking the latest significant movement in the company’s digital asset holdings. While moving bitcoin to a centralized exchange can sometimes signal an intention to sell, the firm told CoinDesk that isn't the case. "TMTG transferred, but did not sell, some of its BTC holdings as part of its larger trading strategy," according to a spokesperson. Trump Media originally purchased 11,542 BTC for approximately $1.37 billion at an average acquisition price of $118,522 per bitcoin. The latest transfer follows an earlier move four months ago, when the company moved out 2,000 BTC, valued at roughly $175 million at the time, as bitcoin traded near $87,378. Following the newest transaction, Trump Media is now estimated to be down roughly $455 million on its bitcoin holdings as the cryptocurrency continues to trade well below the company’s average purchase price. The latest crypto transfer comes just days after Trump Media withdrew its application for a spot bitcoin exchange-traded fund, raising fresh questions about the company’s ambitions in the increasingly crowded crypto investment market. ETF analysts said the decision appeared to be driven less by structural or regulatory concerns and more by deteriorating economics across the spot bitcoin ETF sector. The company’s financial results have also come under pressure from its aggressive cryptocurrency positioning. In May, Trump Media reported a staggering first-quarter net loss of $405.9 million on just $871,200 in revenue, widening sharply from a $31.7 million loss reported during the same period a year earlier. UPDATE (May 22, 20:14 UTC): Adds statement from a Trump Media spokesperson. More For You Dan Roberts outlines IREN’s strategy to build a vertically integrated AI platform spanning power, data centers, GPUs and enterprise software. What to know: - IREN co-founder, Dan Roberts, says owning power, land and data centers creates a long-term competitive moat as global AI demand accelerates. - Roberts said AI’s biggest constraint is increasingly physical infrastructure, with power, land and data center capacity becoming more valuable as global compute demand surges. - WhiteFiber shares jumped 6% in...

Data Status✓ Full text extractedRead Original (CoinDesk)

🔍Historical Similar Events· Keyword + Asset Matching6 items

2026-05-22

Trump Media (DJT) Moves to Sell Bitcoin as Losses Reach $455 Million

2026-05-22

Trump Media moves another $205 million in bitcoin as losses on crypto bet swell to $455 million

2026-05-22

Trump Media Moves Over $200 Million in Bitcoin as Losses Pile Up: Arkham

2026-05-22

Trump Media Sends 2,650 Bitcoin Worth $205M to Crypto.com, Raising Treasury Questions

2026-05-22

Trump Media’s Bitcoin Stash Shrinks Again as 2,650 BTC Lands on Crypto.com