Bullish
Trump Media Faces $555M BTC Loss After Transferring 2,628 BTC to Crypto.com
2026-08-02 08:50:06
Trump Media moves 2,628 BTC to Crypto.com while holding a total $555M loss on Bitcoin assets, comprising $318M realized and $237M unrealized deficits.
Woofun AI reports that Trump Media transferred 2,628 BTC to the Crypto.com exchange six hours ago. The company currently faces a total loss of up to $555 million on its Bitcoin holdings.
Between July and August last year, Trump Media raised funds by selling company stock and convertible bonds, then purchased 11,542 BTC at a total cost of $1.368 billion, with an average price of $118,529 per BTC. Since the beginning of this year, the company has gradually sold 7,281 BTC for $545 million, at an average price of approximately $74,860 per BTC, realizing a loss of $318 million. It currently still holds 4,261 BTC, valued at $268 million, with an unrealized loss of $237 million.
WOOFUN AI
Impact Assessment · Quick Read
The transfer of a significant portion of remaining BTC reserves to an exchange suggests potential further liquidation or strategic repositioning. With an average entry price of $118,529, the company remains deeply underwater relative to current market levels. Continued selling pressure from such high-cost basis holders could weigh on BTC price stability if executed rapidly.
Generated by WOOFUN AI · For reference only, not investment advice
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