Trump Media Transfers Bitcoin to Crypto.com
Trump Media & Technology Group has made a significant move by transferring over 2,650 BTC, valued at approximately $204 million, to Crypto.com addresses. This transfer, the first of its kind to the exchange in four months, raises questions about the company’s financial strategy.
The transactions were executed late Thursday evening, around 8 p.m. ET, though the motivations behind this large transfer remain unspecified. Blockchain analytics firm Arkham has noted that Trump Media currently holds about $533 million in Bitcoin. In the previous year, the company acquired $2 billion in Bitcoin and related assets, citing a need to mitigate perceived discrimination from financial institutions. However, despite these assets, Trump Media has faced considerable financial losses, reporting a net loss of nearly $406 million for the first quarter of 2026, largely due to non-cash losses from digital assets and equity securities.
As for its stock performance, shares of the Trump-backed DJT rose nearly 1% to $8.02 on Friday, but this price is still more than 39% lower year-to-date and down 70% from its 52-week peak of $27.00. In a related move, the company recently withdrew its application for Bitcoin and Bitcoin/Ethereum ETFs, signaling further strategic shifts amid ongoing market challenges.
