Trump Media Down $455 Million On Bitcoin Bet: Why Did It Move Another $205 Million? (UPDATED) - Trump Med

Editor's note: This story has been updated to clarify several figures.

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 combined realized and unrealized losses on the position swell to roughly $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, CoinDesk reports.

The latest transfer occurred during late U.S. evening hours, according to blockchain analytics firm Lookonchain.