Trump Media Transfers $205M in Bitcoin to Crypto.com as Crypto Losses Deepen

Trump Media & Technology Group (NASDAQ: DJT), the parent company of Truth Social, has transferred another 2,650 bitcoin to Crypto.com, fueling renewed concerns over the company’s cryptocurrency investment strategy. Based on current bitcoin prices, the transaction is valued at approximately $205 million, according to blockchain tracking data shared by Lookonchain.

The latest bitcoin transfer took place during late U.S. trading hours and marks another major movement of the company’s crypto reserves. Trump Media previously moved 2,000 BTC to Crypto.com four months earlier when bitcoin was trading near $87,378, a transaction valued at around $175 million at the time.

Trump Media initially acquired 11,542 BTC for nearly $1.37 billion, paying an average price of roughly $118,522 per bitcoin. With bitcoin currently trading significantly below that level at around $77,341, the company is estimated to be sitting on unrealized losses of nearly $455 million.

The move comes shortly after Trump Media withdrew its application for a spot bitcoin ETF, sparking speculation about the company’s long-term plans in the cryptocurrency market. Industry analysts suggested the withdrawal was likely tied to worsening market conditions and declining profitability within the spot bitcoin ETF sector rather than regulatory obstacles.

The company’s aggressive push into digital assets has also increased pressure on its financial performance. In May, Trump Media reported a first-quarter net loss of $405.9 million despite generating only $871,200 in revenue. The results represented a sharp deterioration from the $31.7 million loss reported during the same quarter last year.

As scrutiny around Trump Media’s crypto strategy intensifies, investors continue monitoring whether the company will reduce its bitcoin exposure or maintain its high-risk bet on the cryptocurrency market amid ongoing volatility in BTC prices throughout 2026.