Trump Media transferred $205 million in Bitcoin to Crypto.com as the company’s BTC holdings face nearly $455 million in unrealized losses after Bitcoin’s price decline.
Trump Media & Technology Group, the parent company of Truth Social, is once again attracting attention across the crypto market after on-chain data showed the firm transferred 2,650 Bitcoin worth roughly $205 million to Crypto.com early Friday morning.
The large transaction immediately triggered speculation across the crypto industry, with many traders questioning whether the company is preparing to sell part of its Bitcoin holdings after BTC’s sharp drop from all-time highs.
According to blockchain tracking platform Arkham Intelligence, wallets connected to Trump Media moved 2,650 BTC to Crypto.com within a single transaction. The transfer happened while Bitcoin traded near $77,400, far below the company’s estimated average purchase price.
Arkham data suggests Trump Media originally accumulated around 11,542 BTC worth approximately $1.37 billion at an average entry price of nearly $118,522 per Bitcoin.
Because Bitcoin has fallen sharply from its highs, the company’s Bitcoin treasury is now estimated to be sitting at an unrealized loss of roughly $455 million.
Even after the latest transfer, Trump Media is still reportedly holding around 6,889 BTC worth approximately $533 million at current market prices.
The transfer quickly sparked concern among traders because large deposits into centralized exchanges often signal potential selling activity.
When institutions or large holders move Bitcoin onto exchanges, markets usually interpret the action as preparation for liquidation, collateral management, or portfolio restructuring.
Eventually, four months ago, Trump Media transferred roughly 2,000 BTC worth around $175 million during a previous transaction that initially caused similar market panic.
Later, analysts suggested that earlier transfer was likely tied to collateral management and hedging activity rather than a direct Bitcoin sale.
This time, however, market participants remain cautious because Bitcoin is now trading almost 35% below the company’s estimated average buy-in level.
Meanwhile, the company has not yet publicly commented on the latest wallet movement.
The latest transfer has also reopened wider discussions around corporate Bitcoin treasury strategies.
Over the past few years, several public companies aggressively accumulated Bitcoin as part of balance sheet diversification plans. Many executives argued Bitcoin could act as a long-term inflation hedge and strategic reserve asset.
However, the recent market correction is now testing those strategies. As per the reports, Trump Media recently posted heavy first-quarter losses that included major unrealized depreciation tied to its crypto holdings.
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