Trump Media Moves Over $200 Million in Bitcoin as Losses Pile Up: Arkham
Bitcoin addresses linked to Trump Media & Technology Group (DJT) transferred over 2,650 BTC, worth about $204 million, to Crypto.com addresses via two transactions on Thursday evening. The purpose of the transfer is unknown, but movement to centralized exchanges often precedes asset sales. DJT previously purchased $2 billion in Bitcoin and related securities to safeguard against financial institution discrimination. The firm’s Bitcoin holdings now total approximately $533 million. DJT reported a net loss of nearly $406 million for Q1 2026, mainly due to unrealized losses on digital assets and equity securities. DJT shares are up nearly 1% to $8.02 since Friday’s open, but are down over 39% year-to-date and 70% below the 52-week high. The company recently canceled plans to launch Bitcoin and Bitcoin/Ethereum ETFs.
