Trump Media Unloads More Than 2,600 Bitcoins Amid Mounting Losses

Trump Media, also known as DJT, has continued its aggressive selloff of Bitcoin holdings. The company transferred 2,628 BTC to Crypto.com, valued at $165 million. This move comes amid mounting losses, with Trump Media originally acquiring 11,542 BTC last July and August for $1.368 billion.

The average price paid by the company was $118,529 per BTC. They then sold 7,281 BTC this year at an average of $74,860, locking in $318 million in realized losses with an additional $237 million unrealized on the remaining 4,261 BTC holdings.

Bitcoin price prediction models are under pressure from this sustained corporate liquidation flow. The current market price is around $63,069.56, with resistance near $65,225 and support at $62,039.