Trump Media Moves $205M in Bitcoin as Losses Deepen

Key Insights:

• Trump Media moved 2,650 BTC to Crypto.com as Bitcoin traded near $77,700.
• Trump Media’s Bitcoin holdings dropped from 11,542 BTC to nearly 6,889 BTC.
• Trump crypto losses reached $368.7 million from unrealized digital asset markdowns.

Trump Media moved another large Bitcoin position to Crypto.com wallets, adding new attention to the company’s crypto treasury losses and exchange activity.

Blockchain analytics platform Lookonchain tracked the transfer from wallets linked to Trump Media, the company behind Truth Social and majority owned by the Donald J. Trump Revocable Trust.

The Trump crypto movement followed an earlier transfer this year and arrived as Bitcoin traded far below the company’s reported average acquisition price. While exchange deposits do not signal a sale, traders often monitor large inflows because they tend to heighten fears of liquidation pressure.

Trump Media Bitcoin Holdings Continue Declining

According to Lookonchain data, the latest movement involved about 2,650 BTC transferred to Crypto.com linked wallets. Arkham data showed the transferred funds remained within the exchange wallet at the time of reporting.

Trump Media Bitcoin Holdings | Source: X

Earlier this year, Trump Media moved another 2,000 BTC when Bitcoin traded near $87,378. At the time, the transferred coins were estimated to be worth roughly $175 million.

Bitcoin later weakened further and traded near $77,700 during the newest transfer. Quarterly filings previously showed Trump Media held about 9,542 BTC after the earlier transaction.

Following the latest transfer flagged by Lookonchain, the company’s remaining holdings now appear to stand near 6,889 BTC. The figures marked another reduction from the company’s originally disclosed Bitcoin position.

Trump Media previously disclosed that it had accumulated 11,542 BTC at an average purchase price of $118,522 per coin. The company spent close to $1.37 billion to build its treasury position.

Current market prices place the remaining holdings below their original entry value. The filings also disclosed ownership of about 756 million Cronos tokens connected to Trump Media’s partnership with Crypto.com.

Trump Crypto Losses Deepen in Corporate Filing

Recent financial disclosures showed the pressure created by weaker digital asset prices. Trump Media reported a Q1 2026 net loss of $405.9 million.

According to the filing, unrealized discounts tied to digital assets, pledged crypto assets, and equity securities accounted for about $368.7 million of the losses.

The same filing showed Trump Media carried a Bitcoin cost basis of around $1.13 billion. However, the fair market value of those holdings had declined to nearly $647 million by the end of March.

The disclosures addressed the impact of lower crypto prices on the company’s balance sheet. At the same time, the wallet transfers renewed focus on Trump crypto treasury activity and possible market implications.

Market Watches Trump Media Exchange Activity

Despite the attention surrounding the transfers, the reported $205 million movement remained small compared with Bitcoin’s market activity.

Daily spot and derivatives trading volumes continue reaching several billion dollars across global markets. As a result, analysts often note that market impact depends on how transferred assets are handled after reaching exchanges.

Direct exchange sales and over-the-counter transactions can produce different trading outcomes. Separately, on-chain supply data continued showing strong long-term holder activity. Market analytics cited in the reports estimated that more than 70% of Bitcoin’s circulating supply has remained unmoved for over one year.

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