Bitcoin addresses connected to Trump Media & Technology Group (DJT) were identified by blockchain analytics firm Arkham as transferring over 2,650 BTC, roughly valued at $204 million, to Crypto.com late Thursday evening. The significant transaction occurred through two separate transfers around 8 p.m. ET, although specifics regarding the rationale behind the movement remain unclear. A representative from Trump Media did not respond to inquiries about the transactionby Decrypt, raising speculation that such transfers to centralized exchanges may often indicate a pending asset sale.
Last year, the publicly traded company made headlines by purchasing $2 billion worth of Bitcoin and related securities in a strategy aimed at mitigating perceived discrimination by financial institutions. Presently, Bitcoin addresses linked to the firm hold approximately $533 million in BTC, according to Arkham’s analysis. Earlier in the year, DJT executed a smaller transfer of around 3.2 BTC, valued at approximately $245,000, to Crypto.com.
Despite boasting around $2.1 billion in total assets, DJT reported a net loss of nearly $406 million for the first quarter of 2026. This loss was primarily attributed to non-cash losses, including unrealized losses on its digital asset holdings and securities. When the firm initially disclosed its Bitcoin purchase last July, Bitcoin was trading at around $119,000. Currently, the cryptocurrency is valued at $76,657, reflecting a 0.6% decline in the last 24 hours and a 3.3% drop over the past week.
In the stock market, shares of DJT saw a modest increase of nearly 1% since Friday’s opening bell, trading at $8.02. However, this price represents a substantial decline of over 39% year-to-date and is down approximately 70% from its 52-week high of $27.00. Furthermore, this week, the firm announced the cancellation of its plans to launch Bitcoin-focused and joint Bitcoin/Ethereum exchange-traded funds (ETFs), marking a shift in its investment strategy as it navigates a volatile market. The company also controls the social media platform Truth Social, positioning itself uniquely within the tech and finance landscape.
