Trump Media's $145M BTC Loss Marks Worsening Institutional Bearishness
Bitcoin Treasury companies are facing significant losses as Bitcoin's price continues to decline. One such company is Trump Media Technology Corp, which raised funds by selling stocks and convertible bonds in 2025. At that time, they purchased 11,542 BTC worth $1.368 billion at an average price of $118,529.
The value of these holdings rose to $1.456 billion in October 2025, marking a profit of $88 million. However, since then, Bitcoin's price has continued to fall, leaving the initial investment at a loss. Trump Media Technology Corp is not alone in this situation, as many institutional investors have also seen their BTC value drop significantly.
In fact, these companies that entered the market during the 2024 bull run have seen their BTC value drop by over $49 billion from their 2025 highs. As a result, most of them have been aggressively selling in 2026. For example, Trump Media Technology Corp has already sold 7,281 BTC worth $545 million at an average price of about $74,860 this year, locking in losses of up to $318 million.
The firm is currently sitting on losses of up to $555 million on its BTC holdings. This has affected investor confidence, with the company's stock value down 25% over the past year and 25% YTD. The interconnection between Bitcoin's price and the company's stock value is clear.