Truth Social

Long

Based

Trump Media

<p>Trump Media &amp; Technology Group has transferred another 2,650 Bitcoin worth about $205 million to Crypto.com, adding fresh scrutiny to the company’s crypto treasury strategy as its holdings remain deeply underwater.</p>
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   <li>Trump Media moved 2,650 Bitcoin worth about $205 million to Crypto.com, according to Lookonchain data.</li>
   <li>The company’s Bitcoin treasury has fallen sharply below its reported average purchase price of about $118,522 per coin.</li>
   <li>Trump Media previously disclosed a $405.9 million quarterly loss, with most of the hit tied to unrealized crypto asset markdowns.</li>
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<p>According to blockchain analytics platform <a href="https://lookonchain.com/?utm_source=chatgpt.com" rel="noopener noreferrer nofollow">Lookonchain</a>, the transfer was detected from wallets linked to Trump Media, the company behind Truth Social and majority owned by the Donald J. Trump Revocable Trust.&nbsp;</p>
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   <p>Trump Media just sold 2,650 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>($205M)?<br><br>Trump Media bought 11,542 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>($1.37B) at an average cost of $118,522.<br><br>4 months ago, they transferred out 2,000 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>($175M) at $87,378.<br><br>An hour ago, they deposited another 2,650 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>($205M) into <a href="https://t.co/INIxikglp6" rel="noopener noreferrer nofollow">https://t.co/INIxikglp6</a>.<br><br>Trump Media is… <a href="https://t.co/unfYm1o70m" rel="noopener noreferrer nofollow">pic.twitter.com/unfYm1o70m</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/2057648353681485873?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 22, 2026</a>
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<p>Although deposits to exchanges do not automatically confirm a sale, traders often treat large inflows as a possible signal that liquidation could follow.</p>
<figure class="wp-block-image size-full"><img width="942" height="656" src="https://media.crypto.news/2026/05/image-172.webp" alt="Transferred funds remain in the Crypto.com wallet.">
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<p>Transferred funds remain in the Crypto.com wallet. Source: <a href="https://intel.arkm.com/explorer/address/34jvUbzJbzJQs47N5wEHfcZnurqDky7yMy" rel="noopener noreferrer nofollow">Arkham</a>.</p>
<p>Earlier this year, Trump Media moved 2,000 Bitcoin valued at roughly $175 million when Bitcoin (<a href="https://crypto.news/price/bitcoin" rel="noopener noreferrer nofollow">BTC</a>) traded around $87,378. Since then, the market has weakened further, with Bitcoin hovering near $77,700 at the time of the latest transfer.</p>
<h2 class="wp-block-heading" id="corporate-treasury-losses-deepen">Corporate treasury losses deepen</h2>
<p>Based on Trump Media’s previous disclosures, the company originally accumulated 11,542 BTC at an average purchase price of about $118,522 per coin, spending close to $1.37 billion on the position. At current market prices, the remaining treasury has fallen well below its entry level.</p>
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<p>Quarterly filings released by the company showed that its Bitcoin holdings had already declined to 9,542 BTC after the first transfer. Following the latest 2,650 BTC movement flagged by Lookonchain, the stash now appears to stand near 6,889 BTC.</p>
<p>Recent financial results have already shown the impact of the downturn. Trump Media <a href="https://crypto.news/trump-media-posts-406m-loss-after-bitcoin-cro-markdowns/" rel="noopener noreferrer nofollow">reported</a> a $405.9 million net loss for Q1 2026, with $368.7 million tied to unrealized markdowns on digital assets, pledged crypto assets, and equity securities.</p>
<p>Within the filing, the company disclosed that its Bitcoin holdings carried a cost basis of roughly $1.13 billion while their fair value had dropped to about $647 million by the end of March. Trump Media also disclosed ownership of around 756 million <a href="https://crypto.news/trump-media-and-crypto-com-bet-big-on-cronos/" rel="noopener noreferrer nofollow">Cronos tokens</a> linked to its partnership with Crypto.com.</p>
<h2 class="wp-block-heading" id="what-does-this-mean-for-bitcoin">What does this mean for Bitcoin?</h2>
<p>Large exchange inflows such as these can create temporary fear among traders because visible supply on an exchange order book may act as a potential resistance zone.</p>
<p>However, it must also be noted that the $205 million transfer remains relatively small compared with Bitcoin’s multi-billion dollar daily spot and derivatives trading volume. For now, the market impact would depend on whether the coins are sold directly on the exchange or moved through over-the-counter channels.</p>
<p>Separately, on-chain supply data has continued to show strong long-term holder activity despite weakness among some corporate treasury buyers.</p>
<p>Market analytics cited in recent reports estimated that more than 70% of Bitcoin’s circulating supply has remained unmoved for over a year, suggesting long-term investors have continued holding through the current downturn.</p>
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<p>Read more: <a href="https://crypto.news/ethereum-price-pressure-builds-as-retail-sentiment-weakens/" rel="noopener noreferrer nofollow"> Ethereum price pressure builds as retail sentiment weakens </a></p>

Trump Media moves over 2K BTC to crypto.com, what does it mean for Bitcoin?

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