Donald Trump · Bitcoin · Bitcoin ETF · U.S. · Bitcoin Magazine
Trump Media (DJT) Moves to Sell Bitcoin as Losses Reach $455 Million
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
Trump Media & Technology Group transferred 2,650 Bitcoin (~$205 million) to Crypto.com, signaling a likely pending sale.
Key facts
- Trump Media originally purchased 11,542 BTC for approximately $1.37 billion at an average acquisition price of $118,522 per coin
- Four months ago, Trump Media shifted 2,000 BTC valued at roughly $175 million, at the time, with Bitcoin trading near $87,378, in what the company later characterized as a collateral movement
- DJT shares have fallen roughly 60% over the past 12 months and were trading around $7.95 to $8.15 on Thursday and Friday
- With Bitcoin trading around $77,000 to $77,300 at the time of the transfer, well below that cost basis, the company is now estimated to be sitting on roughly $455 million in unrealized losses
Summary
Trump Media & Technology Group (Nasdaq: DJT), the parent company of the Truth Social platform, has transferred another 2,650 Bitcoin worth approximately $205 million to the exchange Crypto.com, a move widely interpreted as preparation for a potential sale of the company’s digital asset holdings. The transfer, confirmed by on-chain data tracked by blockchain analytics firm Lookonchain, occurred in two transactions between roughly 1:22 a.m. and 2:22 a.m. The company has yet to issue any official statement confirming or denying the intent behind the move. Trump Media originally purchased 11,542 BTC for approximately $1.37 billion at an average acquisition price of $118,522 per coin.