Trump Media Sends $205M in BTC as Crypto Losses Deepen

TLDR

• Trump Media transferred 2,650 bitcoin worth about $205 million to Crypto.com.
• The transaction took place during late U.S. evening hours based on blockchain data.
• Trump Media originally purchased 11,542 BTC for about $1.37 billion at a higher average price.
• Bitcoin currently trades well below the company’s acquisition cost, leading to large unrealized losses.
• The company now faces an estimated $455 million loss on its bitcoin holdings.

Trump Media has transferred 2,650 Bitcoin worth about $205 million to Crypto.com. The move adds pressure on its crypto strategy as losses deepen. Trump Media now faces an estimated $455 million unrealized loss on its bitcoin holdings.

The transaction occurred late in U.S. evening hours, according to blockchain data. Analytics firm Lookonchain reported the transfer publicly.

Trump Media Bitcoin Transfer Raises Pressure on Crypto Strategy

The latest transfer involved 2,650 BTC moved to Crypto.com. Bitcoin traded near $77,341 during the transaction window.

Trump Media previously moved 2,000 BTC four months earlier. That earlier transfer was valued at about $175 million.

The company originally bought 11,542 BTC for about $1.37 billion. Its average purchase price stood at $118,522 per bitcoin.

Bitcoin now trades well below that acquisition level. This gap has led to a large unrealized loss.

Based on current prices, losses total around $455 million. The figure reflects the difference between purchase and market value.

Blockchain records confirm the timing and destination of the transfer. Lookonchain shared the data through a public update.

Financial Strain and ETF Withdrawal Follow Crypto Moves

The transfer comes days after Trump Media withdrew its spot bitcoin ETF application. Analysts said economics, not regulation, likely drove the decision.

ETF analysts stated the sector has seen weaker returns recently. They suggested profitability concerns influenced the withdrawal.

Trump Media has not issued a detailed statement on the ETF move. The company has also not clarified the purpose of the Bitcoin transfers.

Financial results show mounting pressure on the business. The company reported a first-quarter net loss of $405.9 million.

Revenue for the same quarter totaled just $871,200. That compares with a $31.7 million loss in the prior year period.

The widening loss reflects increased costs and investment exposure. Crypto holdings appear to contribute to financial volatility.

The company continues to hold a large bitcoin position despite recent transfers. Remaining holdings still exceed several thousand BTC.

Bitcoin price have remained below the firm’s average purchase level. This has kept unrealized losses elevated.

The latest blockchain transaction marks the most recent update in Trump Media’s crypto activity. No further transfers have been confirmed since the reported move.

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