Trump Media & Technology Group (TMTG) moved 2,650 Bitcoin (BTC) worth roughly $205 million to Crypto.com.
The deposit marks the second major outflow from TMTG’s Bitcoin wallets this year. Analytics firm Lookonchain flagged the movement, though exchange transfers do not always confirm a sale.
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TMTG’s Bitcoin Treasury Sinks Deeper Below Cost Basis
Trump Media originally accumulated 11,542 BTC at an average cost of $118,522 per coin, deploying about $1.37 billion of corporate capital into the asset.
However, Bitcoin currently trades near $77,700, leaving the holdings roughly 34% below the entry price. The position now reflects an unrealized shortfall of about $455 million.
TMTG’s first major outflow occurred four months ago, when 2,000 BTC, valued at about $175 million, left company wallets at $87,378 per coin, according to Lookonchain data.
The company’s official treasury figure dropped to 9,542 BTC after that move, according to its Q1 earnings disclosure. The new 2,650 BTC transfer has further shrunk the stash to roughly 6,889 BTC.
The deposit follows a $406 million net loss reported earlier this month. Of that figure, $368.7 million stemmed from unrealized markdowns on digital assets and equity securities.
TMTG also holds 756 million Cronos (CRO) tokens, valued at about $2.64 million, as part of its broader treasury strategy.
The next on-chain settlement window should clarify whether the latest transfer ends in another confirmed sale.
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The post Trump Media’s Bitcoin Stash Shrinks Again as 2,650 BTC Lands on Crypto.com appeared first on BeInCrypto.
Source: https://beincrypto.com/trump-media-bitcoin-crypto-com-transfer/
