A Trump Media-linked address deposited 2,650 BTC valued at about $204.93 million to Crypto.com on May 22. After the transfer, the address still held an estimated 6,889 BTC worth about $532.78 million at current prices. No official statement confirmed whether the move was a partial sale, custody restructuring, or a liquidity arrangement with Crypto.com. Trump Media previously bought about 11,542 bitcoin at an average cost of $118,522 per coin, totaling roughly $1.37 billion. A prior 2,000 BTC transfer in December 2025 was widely interpreted as an internal custody move. Q1 2026 results showed a $405.9 million net loss driven mainly by unrealized losses on bitcoin and Cronos as crypto prices declined from late-2025 peaks, while operating cash flow from Truth Social and related media remained positive.
"A Trump Media-linked wallet sent 2,650 BTC worth $204.93M to Crypto.com on May 22. Following the transfer, the address still holds an estimated 6,889 BTC, worth approximately $532.78 million at current prices, per Arkham. The purpose of the transaction has not been officially confirmed, and it remains unclear whether the move represents a partial sale, a custody restructuring, or a liquidity arrangement with Crypto.com."
"Trump Media originally purchased approximately 11,542 bitcoin at an average cost of $118,522 per coin, investing roughly $1.37 billion in total. A prior transfer of 2,000 BTC occurred in December 2025 when bitcoin was trading near $87,378 (well below the company's average cost basis), which analysts widely attributed to an internal custody move. Today's transfer, at significantly higher prices, invites a different interpretation depending on what the company does next."
"Trump Media posted a $405.9M Q1 loss on crypto markdowns and still holds 6,889 BTC worth ~$532M. Q1 2026's financial picture adds important context, given that Trump Media reported a $405.9 million net loss for the quarter, driven almost entirely by unrealized losses on its bitcoin and Cronos (CRO) holdings as crypto prices fell from their late-2025 peaks. The company's operating business, Truth Social and affiliated media assets, generated positive operating cash flow"
Read at news.bitcoin.com
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