Trump Media moves another $205M in bitcoin as crypto losses swell to $455M

Trump Media & Technology Group (DJT), the parent company of Truth Social, has moved another 2,650 bitcoin worth approximately $205 million to the Crypto.com exchange, according to blockchain data from Lookonchain. The transfer, made during late U.S. evening hours, brings the company's total realized and unrealized losses on its crypto bet to $455 million.

The company originally purchased 11,542 bitcoin at an average price of $118,522 per coin, spending roughly $1.37 billion. With bitcoin now trading around $77,341, the position is deeply underwater. This latest transfer suggests Trump Media may be liquidating or repositioning its holdings, likely to stem further losses or raise cash. For crypto traders, large whale movements to exchanges often signal potential selling pressure, which can weigh on bitcoin's price in the short term. NowPrice's real-time crypto quotes show bitcoin has already declined 3% in the past 24 hours, reflecting market jitters over the size of the sell order.

Investors should watch for additional transfers from Trump Media's wallet, as the remaining 8,892 bitcoin could be moved in tranches. The broader market will also monitor any regulatory or legal scrutiny this move attracts, given the company's high-profile ties. Bitcoin's price action around the $75,000 support level will be key to gauge whether selling pressure from large holders like Trump Media is being absorbed by demand.