Trump Media cuts Bitcoin holdings after exchange transfer

Traders Union
All News
Crypto News
Trump Media cuts Bitcoin holdings

Highlights

Trump Media transferred 2,650 BTC, worth about $205 million, to Crypto.com.
The company previously acquired 11,542 BTC for roughly $1.37 billion.
Its average purchase price was estimated at $118,522 per Bitcoin.
After the latest transfer, TMTG holds about 6,889 BTC.

Large transfer to an exchange

According to Lookonchain, Trump Media & Technology Group, the parent company of Truth Social, transferred 2,650 BTC worth about $205 million to the Crypto.com exchange. The outlet described the move as a sale, but a transfer to an exchange does not always confirm a completed sale and may only indicate preparation for a possible transaction.

This was the second major Bitcoin outflow from the company’s wallets in recent months. Four months ago, according to Lookonchain, TMTG moved 2,000 BTC worth about $175 million, when Bitcoin was trading near $87,378. After that transfer, the company’s official Bitcoin treasury fell to 9,542 BTC, and the latest move reduced it further to about 6,889 BTC.

Loading...

The tweet was deleted by the author.

But we saved everything 🙂.

Bitcoin bet moves into the red

Trump Media initially accumulated 11,542 BTC, spending about $1.37 billion in corporate capital. The average entry price was $118,522 per coin. With Bitcoin trading near $77,700, the company’s position is roughly 34% below its purchase price, leaving an estimated unrealized loss of about $455 million.

Pressure on TMTG’s crypto strategy has grown after a weak quarterly report. The company previously reported a $406 million net loss, including $368.7 million tied to the revaluation of digital assets and securities. Against that backdrop, Trump Media also dropped plans to launch crypto ETFs under the Truth Social brand.

Market watches the wallets

For traders, the Bitcoin transfer to an exchange became a signal of possible additional supply in the market. Bitcoin traded around $77,600 after the news, with a 24-hour range between $76,655 and $78,100. Trading volume fell 7% over the same period, pointing to more cautious market activity.

The main question now is whether the transfer will lead to an actual sale. If TMTG continues to reduce its Bitcoin reserve, it would mark a shift away from its previous digital asset accumulation strategy. The political context also matters: the company is tied to Donald Trump, who has publicly supported the crypto industry, so any movement from its wallets quickly becomes a source of market speculation.

It was earlier reported that Trump faces a fine over delayed stock trade disclosures.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.