Trump Media & Technology Group (NASDAQ:DJT) transferred another 2,650 Bitcoin (CRYPTO: BTC) worth roughly $205 million to Crypto.com, deepening scrutiny of its cryptocurrency strategy as unrealized losses swell to $455 million.
Company Bought 11,542 Bitcoin At $118,522 Average Price
Trump Media originally purchased 11,542 Bitcoin for approximately $1.37 billion at an average acquisition price of $118,522 per coin.
With Bitcoin trading around $77,341, the company is now down roughly $455 million on its holdings.
The latest transfer occurred during late U.S. evening hours according to blockchain analytics firm Lookonchain.
