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Trump Media transferred 2,650 BTC (~$205 M) to Crypto.com, keeping holdings at 6,890 BTC and sitting on $455 M unrealized losses; see the ETF withdrawal and
Trump Media & Technology Group shifted 2,650 Bitcoin—worth about $205 million at the time of transfer—to Crypto.com on May 22, leaving the firm with roughly 6,890 BTC and an estimated $455 million in unrealized losses on its crypto portfolio [1].
| At a glance | |
|---|---|
| BTC transferred | 2,650 BTC (~$205 M) |
| Remaining BTC | 6,889‑6,892 BTC (~$533 M) |
| Unrealized loss | ~$455 M vs. $1.37 B cost basis |
| Catalyst | Post‑ETF withdrawal, on‑chain move to exchange |
The two on‑chain transactions were recorded between 1:22 a.m. and 2:22 a.m. GMT on May 22, originating from wallets identified by Arkham Intelligence as belonging to Trump Media [1]. The move follows a similar 2,000 BTC transfer four months earlier, which the company described as a “collateral movement.” While moving Bitcoin to a centralized exchange can signal an intent to sell, a Trump Media spokesperson told CoinDesk the firm “did not sell” the assets, framing the transfer as part of a broader trading strategy [2].
Trump Media’s crypto exposure now sits at a steep discount to its average purchase price of $118,522 per BTC. With Bitcoin trading near $77,300 at the time of the transfer, the holdings are down roughly 35% from cost, generating the $455 million loss figure cited by both outlets [1][2]. The transfer came just days after the company withdrew its applications for a spot Bitcoin ETF and a combined Bitcoin‑Ethereum ETF from the SEC on May 20, a decision analysts attribute more to competitive pressures from large players like BlackRock than to regulatory hurdles [1].
The firm’s first‑quarter 2026 earnings report showed a net loss of $405.9 million, of which $368.7 million stemmed from non‑cash unrealized crypto losses. Revenue was a modest $871,200, a sharp contrast to the $31.7 million loss recorded a year earlier [1][2]. DJT shares have slid about 60% over the past 12 months, trading around $8 per share [1].
The transfer underscores how Trump Media’s crypto strategy is now a liability rather than a growth engine, raising questions about whether the firm will continue to hold Bitcoin at deep discounts or eventually liquidate the position to shore up its balance sheet.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jul 3, 2026 · How we report
According to the Forbes source, sophisticated capital is using blockchain rails for payments, settlement, and tokenized assets, seeking efficiency and risk diversification rather than high returns.
The total supply of stablecoins is reported at about $315 billion, with a brief peak above $322 billion in May 2026.
Institutional exposure remains modest, typically between 1% and 5% of overall portfolios, with larger holdings concentrated in crypto‑native funds and family offices.
BitPay advertises an all‑in‑one app that enables buying, storing, swapping, and spending cryptocurrencies, including bill payments and gift‑card purchases.
The Forbes article references the U.S. GENIUS Act, which provides a framework for dollar‑backed stablecoins, and notes that the pending CLARITY Act could further unlock institutional flows.