Trump Media, exiting Bitcoin? 4,600 BTC Disappeared

▲ Donald Trump, Bitcoin (BTC)/ChatGPT generated image ©

Trump Media & Technology Group, associated with the Trump family, has reportedly recorded an unrealized loss of approximately $480 million from its Bitcoin investments. With large-scale Bitcoin movements detected in the market, attention is focused on whether actual sales have occurred.

According to the cryptocurrency media outlet Finbold on May 22 (local time), Trump Media moved 2,650 BTC to the Crypto.com exchange on the 21st. Based on Arkham's on-chain data, the value at the time was approximately $205 million. The company had purchased a total of 11,542 BTC by mid-2025 for approximately $1.37 billion, with an average purchase price of $118,522 per coin.

With Bitcoin currently trading around $77,200, Trump Media's Bitcoin holdings have entered a loss zone of approximately 35%. Based on this, the media analyzed that the company is facing an unrealized loss of approximately $480 million.

This movement marks the second large-scale Bitcoin outflow this year. Approximately four months ago, Trump Media also moved 2,000 BTC externally when the Bitcoin price was around $87,380. According to the company's Q1 performance report this year, its holdings had already decreased to 9,542 BTC, and after this recent 2,650 BTC movement, the remaining holdings are estimated to be around 6,889 BTC.

Trump Media has reduced its Bitcoin holdings by a total of over 4,600 BTC this year. Additionally, in its performance report released earlier this month, the company also announced a net loss of $405.9 million. Of this, $368.7 million was attributed to unrealized losses related to digital assets and stocks.

The media reported that in addition to Bitcoin, Trump Media also holds 756 million Cronos (CRO) tokens. Their current value is approximately $2.64 million. The market is closely watching whether the recent large-scale Bitcoin movements are merely asset reallocations or actual selling activities.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*