Bitcoin News: Trump Media Moves $205M in BTC as Crypto Losses Hit $455M

Key Insights:

• Trump Media moved 2,650 BTC, worth about $205 million, to Crypto.com as scrutiny over its crypto strategy grew.
• The company bought 11,542 BTC at an average price of $118,522. It now faces about $455 million in paper losses.
• Trump Media reported a $405.9M Q1 net loss on $871,200 in revenue, with crypto losses weighing on results.

Trump Media has moved another 2,650 bitcoin to Crypto.com as its crypto position remains under heavy pressure. The transfer, worth about $205 million at current prices, adds fresh attention to the company’s large Bitcoin bet.

Trump Media bought 11,542 BTC at an average price of $118,522, while Bitcoin now trades far below that level. Its unrealized loss on the position now stands near $455 million, with the company also reporting a sharp first-quarter loss.

The move comes after Trump Media withdrew its spot Bitcoin ETF application, raising more questions about its crypto plans.

Bitcoin News: Trump Media Sends 2,650 BTC to Crypto.com

Trump Media & Technology Group, the parent company of Truth Social, transferred 2,650 BTC to Crypto.com. That happened during late U.S. evening hours. At a Bitcoin price near $77,000, the transfer carried a value of roughly $205 million.

Blockchain trackers linked the movement to addresses attributed to Trump Media. At the same time, separate reporting placed the value close to $204 million.

According to Arkham-linked data cited in recent reports, the transaction took place through two transfers around 8 p.m. ET. The company has not publicly explained the purpose of the move.

Transfers to centralized exchanges can take place for several reasons, including custody changes, liquidity management, collateral activity, or possible sales. However, no report confirmed that Trump Media sold the Bitcoin after the transfer.

This latest movement follows an earlier transfer of 2,000 BTC about four months ago. That earlier batch carried a value of about $175 million at the time, when Bitcoin traded near $87,378.

Trump Media also moved a small amount of BTC to Crypto.com earlier this year, according to blockchain data.

For now, the company still appears to hold a large Bitcoin position. Arkham-linked reporting placed its remaining Bitcoin holdings at about $533 million after the latest transaction. That figure depends on market prices, which continue to move sharply as Bitcoin trades in a volatile range.

Bitcoin Bet Falls Deeply Below Purchase Price

Trump Media built its Bitcoin position when prices stood much higher. The company bought 11,542 BTC for about $1.37 billion, at an average purchase price of $118,522 per Bitcoin. Bitcoin recently traded near $76,000 to $77,000, leaving the position far below its acquisition level.

At that price gap, estimates now place Trump Media’s unrealized Bitcoin loss near $455 million. The loss remains unrealized unless the company sells.

However, the market value of the position has dropped sharply. That decline now sits at the center of investor attention as the firm continues moving coins to Crypto.com.

Bitcoin traded near $119,000 when Trump Media first announced its purchase last July. Since then, the asset has pulled back sharply, with recent trading near $76,657 in one cited market update.

The decline leaves Trump Media exposed to a large mark-to-market gap. That is at a time when public companies face scrutiny over digital asset reserves.

Shares of DJT have also weakened this year. Recent market data showed the stock trading near $8.02. It’s down more than 39% year-to-date and about 70% below its 52-week high of $27.00.

The stock still rose slightly during Friday trading. The attention stayed on the Bitcoin transfer and the firm’s wider financial position.

Losses Grow as ETF Plan of Trump Media Gets Scrapped

Trump Media’s latest Bitcoin movement comes shortly after the company withdrew its application for a spot Bitcoin ETF.

The withdrawal ended one part of its crypto market strategy, at least for now. The firm had also pursued plans tied to Bitcoin and Bitcoin-Ethereum investment products before scrapping those filings.

Reports stated that ETF analysts viewed the withdrawal as tied more to market economics than regulatory or structural problems.

Spot Bitcoin ETFs have become a crowded market, with large issuers already competing on fees, liquidity, and investor access. That setting can make new ETF launches harder, especially for firms without a clear cost or distribution edge.

Financial pressure also frames the company’s latest crypto activity. Trump Media reported a first-quarter net loss of $405.9 million on revenue of just $871,200. That loss widened sharply from the $31.7 million loss reported in the same period a year earlier.

The company reported tying much of the latest quarterly loss to non-cash items. That includes unrealized losses on digital assets, pledged digital assets, and equity securities.

Even so, the size of the loss has drawn attention as Trump Media continues to hold large crypto assets. At the same time, its operating revenue remains small.

Bitcoin Holds Key Range as Market Watches Support

Bitcoin price has traded in a range after bouncing from its February lows. With this, the recent action sits between roughly $76,000 and $82,000. Market analyst Michaël van de Poppe noted that Bitcoin needs to hold the $75,000 to $76,000 zone as support.

The chart also shows a CME gap near $79,200. Van de Poppe said he expects that gap to close in the coming week. On the other hand, a move back toward the highs could set up a test near $90,000. That area appears on the chart as a major resistance zone, close to the 50-day moving average.

A stable Bitcoin range could also support stronger altcoin activity, according to the analyst’s view. He said altcoins have started to gain momentum as Bitcoin consolidates.

Stronger names from before the recent crash are gaining attention again. Still, that setup depends heavily on Bitcoin holding its current support area.

Trump Media’s Bitcoin position remains sensitive to this price range. A sustained move below $75,000 could add more pressure to the company’s unrealized losses. A recovery toward $90,000 would narrow part of the gap from its average purchase price.

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