Trump Media Unloads $165 Million in Bitcoin on Crypto.com Amid Market Volatility
Trump Media & Technology Group has moved a significant portion of its Bitcoin holdings to Crypto.com in a move that highlights ongoing market volatility and pressure on the company's digital asset strategy.
The transfer involves 2,628 BTC, valued at approximately $165 million, and follows several other large movements by the company throughout the year. Since purchasing around 11,542 BTC at an average price of $118,500 per Bitcoin, the company has accumulated substantial unrealized losses due to declining market prices.
This represents a major development in Trump Media's digital asset strategy, as its Bitcoin investment faces significant financial pressure. The company's large cryptocurrency reserves have become increasingly sensitive to market fluctuations, with an estimated combined realized and unrealized loss of around $555 million since its initial investments.