{"id":169343,"date":"2026-05-22T16:19:52","date_gmt":"2026-05-22T16:19:52","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=169343"},"modified":"2026-05-22T16:19:52","modified_gmt":"2026-05-22T16:19:52","slug":"trump-media-djt-moves-to-sell-bitcoin-as-losses-reach-455-million","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=169343","title":{"rendered":"Trump Media (DJT) Moves to Sell Bitcoin as Losses Reach $455 Million"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Trump Media (DJT) Moves to Sell Bitcoin as Losses Reach $455 Million<\/a><\/p>\n

<\/div>\n

Trump Media & Technology Group (Nasdaq: DJT), the parent company of the Truth Social platform, has transferred another 2,650 Bitcoin worth approximately $205 million to the exchange Crypto.com, a move widely interpreted as preparation for a potential sale of the company\u2019s digital asset holdings.<\/p>\n

The transfer, confirmed by on-chain data tracked<\/a> by blockchain analytics firm Lookonchain, occurred in two transactions between roughly 1:22 a.m. and 2:22 a.m. GMT on May 22, originating from wallets labeled as Trump Media accounts by Arkham Intelligence.<\/p>\n

The company has yet to issue any official statement confirming or denying the intent behind the move.<\/p>\n

Trump Media originally purchased<\/a> 11,542 BTC for approximately $1.37 billion at an average acquisition price of $118,522 per coin.\u00a0<\/p>\n

With Bitcoin trading around<\/a> $77,000 to $77,300 at the time of the transfer \u2014 well below that cost basis \u2014 the company is now estimated to be sitting on roughly $455 million in unrealized losses on its cryptocurrency holdings. Following the transaction, Trump Media\u2019s visible on-chain holdings stand at an estimated 6,889 to 6,892 BTC, valued at approximately $533 million at current prices.<\/p>\n

This is not the first time the company has moved Bitcoin off its books.\u00a0<\/p>\n

Four months ago, Trump Media shifted 2,000 BTC valued at roughly $175 million \u2014 at the time, with Bitcoin trading near $87,378 \u2014 in what the company later characterized as a collateral movement.<\/p>\n

Trump bitcoin ETF withdrawal<\/h2>\n

The latest crypto transfer comes just days after Trump Media withdrew<\/a> its applications for a spot Bitcoin ETF and a combined Bitcoin-Ethereum ETF from the U.S. Securities and Exchange Commission on May 20.\u00a0<\/p>\n

The company\u2019s fund sponsor, Yorkville America, filed for withdrawal, citing a decision not to pursue the public offering \u201cat this time.\u201d\u00a0<\/p>\n

ETF analysts noted that the decision appeared driven less by regulatory headwinds and more by competition from established players like BlackRock and Morgan Stanley, which now dominate what has become a $57 billion Bitcoin ETF market.<\/p>\n

The Bitcoin strategy has coincided with a dramatic deterioration in Trump Media\u2019s financials. In its first-quarter 2026 earnings report, the company posted<\/a> a net loss of $405.9 million on just $871,200 in revenue \u2014 a staggering widening from a $31.7 million loss during the same period a year earlier. The bulk of those losses, approximately $368.7 million, stemmed from non-cash unrealized losses on digital assets and equity securities.<\/p>\n

DJT shares have fallen roughly 60% over the past 12 months and were trading around $7.95 to $8.15 on Thursday and Friday.\u00a0<\/p>\n

The company, which was founded in 2021 and is headquartered in Sarasota, Florida, has struggled to build meaningful advertising revenue even as it has aggressively bet on crypto as a core pillar of its financial strategy.<\/p>\n

This post Trump Media (DJT) Moves to Sell Bitcoin as Losses Reach $455 Million<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Trump Media (DJT) Moves to Sell Bitcoin as Losses Reach $455 Million Trump Media & Technology Group (Nasdaq: DJT), the parent company of the Truth Social platform, has transferred another 2,650 Bitcoin worth approximately $205 million to the exchange Crypto.com, a move widely interpreted as preparation for a potential sale of the company\u2019s […]<\/p>\n","protected":false},"author":0,"featured_media":169344,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-169343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/169343"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=169343"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/169343\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/169344"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=169343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=169343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=169343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}