Trump Media & Technology Group Corp is counting heavy losses on its Bitcoin (BTC) position.

The company backed by President Donald Trump is down $416 million on its Bitcoin portfolio, according to on-chain data retrieved by Finbold from Arkham Intelligence. Notably, Trump Media’s Bitcoin portfolio turned red after the October 11, 2025 crypto crash, and has since been bleeding gradually.

Trump Media’s BTC balance history. Source: X

At press time, Trump Media held about 9.539K BTC, valued at around $694 million. However, it has since pledged 2,000 BTCs as collateral on a financing plan, based on its latest Form 10-K filing, thus reducing its Bitcoin holdings from 11,542.16 units.

Trump Media Bitcoin move signals conviction

Trump Media has held the majority of its Bitcoin holdings amid the BTC drop from trading above $100,000 to trading below $60,000. Under the stewardship of the pro-crypto President, the company has shown significant conviction in the long term success of BTC.

Already, some Digital Assets Treasuries (DATs) have liquidated their Bitcoin holdings to cut losses. For instance, Bitdeer Technologies sold its remaining 943.1 BTC last month, after a steady decline from its 2,000 Bitcoins last year.

Other DATs that have sold some of their Bitcoin holdings in the recent past include Cango Inc., GD Culture Group, and Riot Platforms.

What’s the impact of its BTC holdings on DJT stock?

Following the notable decline in Trump Media’s Bitcoin holding’s value, the company’s market cap has declined by 52% in the past year to hover about $3.03 billion at press time. Furthermore, the company is heavily correlated with Bitcoin’s performance, a characteristic of most DATs.

DJT stock 1-year performance. Source: Finbold

Nonetheless, President Trump has remained convinced of the importance of Bitcoin as a store of value, as shown by his family business that is heavily invested in the digital assets and the Web3 space.