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’s digital asset holdings.
The transfer, confirmed by on-chain data tracked 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.
The company has yet to issue any official statement confirming or denying the intent behind the move.
Trump Media originally purchased 11,542 BTC for approximately $1.37 billion at an average acquisition price of $118,522 per coin.
With Bitcoin trading around $77,000 to $77,300 at the time of the transfer — well below that cost basis — the company is now estimated to be sitting on roughly $455 million in unrealized losses on its cryptocurrency holdings. Following the transaction, Trump Media’s visible on-chain holdings stand at an estimated 6,889 to 6,892 BTC, valued at approximately $533 million at current prices.
