Trump Media’s Bitcoin Stash Shrinks Again as 2,650 BTC Lands on Crypto.com
BeInCrypto
Trump Media & Technology Group transferred 2,650 BTC to Crypto.com, further reducing its holdings amid significant unrealized losses on its Bitcoin investment.Summary
Trump Media & Technology Group (TMTG) has transferred 2,650 Bitcoin, valued at approximately $205 million, to the Crypto.com exchange. This move follows a previous transfer of 2,000 BTC four months ago, significantly reducing the company's total treasury. TMTG originally acquired 11,542 BTC at a high average cost of $118,522 per coin, and with Bitcoin currently trading near $77,700, the company faces substantial unrealized losses exceeding $455 million. While the transfer to an exchange does not definitively confirm a sale, the company recently reported a $406 million net loss, largely attributed to digital asset markdowns.
(Source：BeInCrypto)