MarketsShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailTrump Media Moves $205 Million in Bitcoin Without Selling Amid Losses

Trump Media's cryptocurrency strategy faces increasing challenges as the company grapples with substantial unrealized losses and escalating quarterly deficits.

By Helene Braun|Edited by Stephen AlpherUpdated May 22, 2026, 8:19 p.m. Published May 22, 2026, 1:08 p.m. 2 min readMake preferred on

(Anna Moneymaker/Getty Images)

Key Points:

  • Trump Media & Technology Group transferred 2,650 bitcoin, valued at approximately $205 million, to Crypto.com, clarifying that it did not sell any of the assets.
  • The firm has purchased 11,542 bitcoin at an average cost of $118,522, now facing an estimated loss of about $455 million as bitcoin's current market value is significantly lower.
  • This transaction follows the company's recent withdrawal of its spot bitcoin ETF application and occurs during a period of significant financial strain, including a first-quarter net loss of $405.9 million against revenues of just $871,200.

Trump Media & Technology Group (DJT), the parent organization of Truth Social, has moved an additional 2,650 bitcoin BTC$76,870.72 to Crypto.com, a decision that may heighten scrutiny regarding the company's struggling cryptocurrency strategy.

Currently, this transfer is estimated to be worth around $205 million, given that bitcoin is trading at about $77,341 per unit. Blockchain records indicate that this deposit occurred late during U.S. evening hours, as noted by Lookonchain, marking another notable shift in the company's digital asset portfolio.

While transferring bitcoin to a centralized exchange can often suggest a selling intent, the company confirmed to CoinDesk that this was not the case. A spokesperson stated, "TMTG transferred, but did not sell, some of its BTC holdings as part of its larger trading strategy."

Originally, Trump Media acquired 11,542 BTC for an approximate total of $1.37 billion, averaging $118,522 per bitcoin. This latest transfer follows a previous move four months earlier, in which the company relocated 2,000 BTC valued at around $175 million at that time when bitcoin's price was near $87,378.

Post this recent transaction, Trump Media is now estimated to have incurred losses of about $455 million on its bitcoin investments, as the cryptocurrency continues to trade significantly below the average price at which the company bought it.

This crypto transfer comes shortly after the company withdrew its application for a spot bitcoin exchange-traded fund, leading to renewed inquiries regarding the company's aspirations in a competitive crypto investment landscape. Analysts have speculated that the withdrawal was influenced more by declining market conditions rather than regulatory or structural issues within the spot bitcoin ETF sector.

The financial performance of the company has also been affected by its bold cryptocurrency strategy. In May, Trump Media reported a staggering first-quarter net loss of $405.9 million against just $871,200 in revenue, a sharp increase from the $31.7 million loss reported for the same quarter last year.

UPDATE (May 22, 20:14 UTC): Includes statement from a Trump Media spokesperson.

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