Trump Media & Technology Group, a company associated with the Trump family, is now sitting on nearly half a billion dollars in unrealized losses on its Bitcoin (BTC) holdings.
Late on May 21, the company moved 2,650 BTC to the Crypto.com exchange, a position worth roughly $205 million at the time, according to Arkham blockchain tracking data.
The company had originally acquired 11,542 BTC for approximately $1.37 billion in mid-2025, at an average purchase price of $118,522 per coin.
With ‘digital gold’ now trading at around $77,200, around 35% lower than those level, Trump Media reportedly sits on roughly $480 million in unrealized losses.
Is Trump Media selling Bitcoin?
The latest transfer marks the company’s second major Bitcoin outflow of the year. Four months ago, it moved 2,000 BTC, worth roughly $175 million, from its wallets, while Bitcoin traded near $87,380.
In fact, Trump Media’s first-quarter earnings report showed its Bitcoin reserves had already fallen to 9,542 BTC after that earlier transaction. Following the latest 2,650 BTC transfer, the company’s remaining holdings are estimated at around 6,889 BTC. The Truth Social parent has thus shed more than 4,600 BTC in 2026.
Moreover, the firm had also disclosed a $406 million net loss earlier this month, including $368.7 million in unrealized markdowns tied specifically to digital assets and equity securities.
“Aside from its $2.1 billion in financial assets and $17.9 million in positive operating cash flow, the Company reported a $405.9 million net loss and a $387.8 million Adjusted EBITDA loss for the first quarter of 2026, the vast bulk of which was non-cash losses including unrealized losses on digital assets,” the official press release read.
Beyond Bitcoin, the company also holds 756 million Cronos (CRO) tokens valued at approximately $2.64 million as part of its broader crypto treasury strategy.
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