Trump Media & Expertise Group (Nasdaq: DJT), the dad or mum firm of the Reality Social platform, has transferred one other 2,650 Bitcoin value roughly $205 million to the change Crypto.com, a transfer extensively interpreted as preparation for a possible sale of the corporate’s digital asset holdings.
The switch, confirmed by on-chain knowledge tracked by blockchain analytics agency Lookonchain, occurred in two transactions between roughly 1:22 a.m. and a pair of:22 a.m. GMT on Might 22, originating from wallets labeled as Trump Media accounts by Arkham Intelligence.
The corporate has but to problem any official assertion confirming or denying the intent behind the transfer.
Trump Media initially purchased 11,542 BTC for roughly $1.37 billion at a median acquisition worth of $118,522 per coin.
With Bitcoin buying and selling around $77,000 to $77,300 on the time of the switch — effectively beneath that price foundation — the corporate is now estimated to be sitting on roughly $455 million in unrealized losses on its cryptocurrency holdings. Following the transaction, Trump Media’s seen on-chain holdings stand at an estimated 6,889 to six,892 BTC, valued at roughly $533 million at present costs.
This isn’t the primary time the corporate has moved Bitcoin off its books.
4 months in the past, Trump Media shifted 2,000 BTC valued at roughly $175 million — on the time, with Bitcoin buying and selling close to $87,378 — in what the corporate later characterised as a collateral motion.
Trump bitcoin ETF withdrawal
The most recent crypto switch comes simply days after Trump Media withdrew its functions for a spot Bitcoin ETF and a mixed Bitcoin-Ethereum ETF from the U.S. Securities and Change Fee on Might 20.
The corporate’s fund sponsor, Yorkville America, filed for withdrawal, citing a call to not pursue the general public providing “presently.”
ETF analysts famous that the choice appeared pushed much less by regulatory headwinds and extra by competitors from established gamers like BlackRock and Morgan Stanley, which now dominate what has turn into a $57 billion Bitcoin ETF market.
The Bitcoin technique has coincided with a dramatic deterioration in Trump Media’s financials. In its first-quarter 2026 earnings report, the corporate posted a internet lack of $405.9 million on simply $871,200 in income — a staggering widening from a $31.7 million loss throughout the identical interval a 12 months earlier. The majority of these losses, roughly $368.7 million, stemmed from non-cash unrealized losses on digital belongings and fairness securities.
DJT shares have fallen roughly 60% over the previous 12 months and had been buying and selling round $7.95 to $8.15 on Thursday and Friday.
The corporate, which was based in 2021 and is headquartered in Sarasota, Florida, has struggled to construct significant promoting income even because it has aggressively guess on crypto as a core pillar of its monetary technique.
