Trump Media moves another $205M in bitcoin as losses on crypto bet swell to $455M

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Trump Media moves another $205M in bitcoin as losses on crypto bet swell to $455M DJT’s bitcoin strategy remains under pressure as the company sits on hundreds of millions in unrealized crypto losses and widening quarterly deficits. By Helene Braun | Edited by Stephen Alpher May 22, 2026, 1:08 p.m. 2 min read Make preferred on (Anna Moneymaker/Getty Images) What to know : Trump Media & Technology Group transferred another 2,650 bitcoin, worth about $205 million, to Crypto.com, deepening scrutiny of its cryptocurrency strategy. The company, which bought 11,542 bitcoin at an average price of $118,522, is now estimated to be down roughly $455 million on its holdings as bitcoin trades far below its purchase price. The move follows Trump Media’s withdrawal of its spot bitcoin ETF application and comes amid steep financial pressure, including a first-quarter net loss of $405.9 million on just $871,200 in revenue. Trump Media & Technology Group (DJT), the parent company of Truth Social, has transferred another 2,650 bitcoin BTC $ 77,380.63 to Crypto.com in a move that is likely to intensify scrutiny of the company’s struggling cryptocurrency strategy. At current market prices, the transfer is worth roughly $205 million, with bitcoin trading at approximately $77,341 per token. Blockchain data shows the deposit occurred during late U.S. evening hours, according to Lookonchain , marking the latest significant movement in the company’s digital asset holdings. Trump Media originally purchased 11,542 BTC for approximately $1.37 billion at an average acquisition price of $118,522 per bitcoin. The latest transfer follows an earlier move four months ago, when the company shifted out 2,000 BTC valued at roughly $175 million at the time, with bitcoin trading near $87,378. Following the newest transaction, Trump Media is now estimated to be down roughly $455 million on its bitcoin holdings as the cryptocurrency continues to trade well below the company’s average purchase price. The latest crypto transfer comes just days after Trump Media withdrew its application for a spot bitcoin exchange-traded fund , raising fresh questions about the company’s ambitions in the increasingly crowded crypto investment market. ETF analysts said the decision appeared to be driven less by structural or regulatory concerns and more by deteriorating economics across the spot bitcoin ETF sector. The company’s financial results have also come under pressure from its aggressive cryptocurrency positioning. In May, Trump Media reported a staggering first-quarter net loss of $405.9 million on just $871,200 in revenue, widening sharply from a $31.7 million loss reported during the same period a year earlier. Donald Trump Bitcoin News More For You Tom Lee says trillions in tech IPO supply won't crash the S&P 500 By James Van Straten , AI Boost | Edited by Jamie Crawley 12 minutes ago Fundstrat’s Tom Lee argues that trillions in new IPO supply from SpaceX, Anthropic, and OpenAI could ultimately be absorbed by underallocated investors. What to know : SpaceX, OpenAI, and Anthropic are all reportedly looking to IPO in the U.S. market. Tom Lee estimates the three IPOs could create trillions in post lock-up supply, equivalent to 5% to 6% of the S&P 500’s market capitalization. Lee says Wall Street sees tokenisation as a major opportunity because blockchain... Read full story Latest Crypto News Tom Lee says trillions in tech IPO supply won't crash the S&P 500 12 minutes ago OKX and ICE are bringing 'never-expiring' oil futures to 120 million crypto users 21 minutes ago Bitcoin left behind in the geopolitical melee 1 hour ago Ark Invest buys $12.5 million of Bullish stock in four days 2 hours ago Crypto majors stuck in tight range as altcoin rotation picks up steam 2 hours ago ZachXBT flags $520K Polymarket exploit on Polygon, team says funds are safe 3 hours ago Top Stories Bitcoin trades near $77,700 as analysts eye $75,000 support after liquidation wave 7 hours ago Bitcoin implied volatility drops to 7 month low despite macro risks 4 hours ago XRP ETFs attract inflows amid wallet surge. bitcoin, ether funds struggle. 6 hours ago Mark Cuban says he sold most of his Bitcoin after failed hedge narrative 'disappointed' the billionaire 19 hours ago Ethereum’s identity crisis is deepening after high-profile 'brain drain' frustrates the community 20 hours ago Satoshi’s 1.1 million bitcoin and millions more can be saved from quantum attack, says expert 17 hours ago In this article BTC BTC $ 77,380.63 ◢ 0.21 %