Trump Media (DJT) Moves To Sell Bitcoin As Losses Reach $455 Million

Trump Media transfers 2,650 Bitcoin valued at $205 million as it faces $455 million in losses, signaling a potential sale of its digital assets.

In a surprising move that has raised eyebrows in the cryptocurrency community, Trump Media and Technology Group (Nasdaq: DJT) has transferred 2,650 Bitcoin—worth approximately $205 million—to Crypto.com. This transfer, which took place on May 22, 2026, is viewed as a likely precursor to a sale of the company’s digital asset holdings. Why Is Trump Media Selling Bitcoin? The transfer of Bitcoin by Trump Media comes amid significant financial struggles for the company. With Bitcoin trading between $77,000 and $77,300 during the transfer, the company faces an estimated loss of around $455 million on its original Bitcoin investments. This is because Trump Media initially purchased 11,542 Bitcoin for about $1.37 billion, at an average cost of $118,522 per coin. What Do We Know About The Transfer? According to on-chain data from blockchain analytics firm Lookonchain, the transfer consisted of two transactions conducted between approximately 1:22 a.m. and 2:22 a.m. GMT on May 22. These transactions originated from wallets identified as belonging to Trump Media, as per Arkham Intelligence. Currently, Trump Media holds an estimated 6,889 to 6,892 Bitcoin, valued at approximately $533 million based on current market prices. Are Other Moves in Play? This isn't the first time Trump Media has moved its Bitcoin assets. Just four months ago, the company shifted 2,000 Bitcoin—valued at around $175 million at that time—characterizing it as a collateral move. The recent transaction, however, signals a more urgent liquidity strategy. How Do Recent ETF Withdrawals Factor In? Interestingly, the Bitcoin transfer follows the company's withdrawal of applications for a spot Bitcoin ETF and a combined Bitcoin-Ethereum ETF from the U.S. Securities and Exchange Commission on May 20. This withdrawal was attributed to a decision made by Yorkville America, the company’s fund sponsor, who decided not to pursue the public offering “at this time.” Analysts suggest that intensified competition from bi