Trump Media's Bitcoin Holdings Under Pressure with Latest Transfer

Trump Media, a digital media outlet founded by former US President Donald Trump, has continued to experience significant financial strain due to its large-scale investment in Bitcoin. According to blockchain data, the company transferred approximately 2,650 Bitcoins to Crypto.com, valued at around $205 million.

This latest transfer adds pressure on Trump Media's crypto strategy as it faces an estimated $455 million unrealized loss on its Bitcoin holdings. The company had originally purchased 11,542 BTC for about $1.37 billion, with an average purchase price of $118,522 per Bitcoin.

The current market price of Bitcoin is significantly lower than the acquisition level, leading to substantial unrealized losses. This development comes days after Trump Media withdrew its spot Bitcoin ETF application, which analysts attribute to profitability concerns rather than regulatory issues.