Bitcoin addresses linked to Trump Media & Technology Group (DJT) have recently executed significant transfers amounting to over $204 million in Bitcoin to accounts associated with Crypto.com. This operation unfolded on Thursday evening, utilizing two transfers executed around 8 p.m. ET, involving more than 2,650 BTC. The specific intentions behind these transactions have not been clarified, and attempts to reach a spokesperson for Trump Media for comment were unsuccessful.
Historically, such transfers to centralized exchanges are often indicative of an impending sale of the assets involved. Trump Media had previously conducted a smaller transfer to Crypto.com earlier this year, involving approximately 3.2 BTC, which was valued at about $245,000 at the time.
According to blockchain analytics firm Arkham, the Bitcoin addresses associated with Trump Media currently hold around $533 million worth of Bitcoin. Last year, the firm made headlines for purchasing $2 billion worth of Bitcoin and related securities. This strategy was partly an effort to shield itself from what it described as “discrimination by financial institutions.”
Despite the significant Bitcoin holdings, Trump Media’s recent financial performance has raised eyebrows. The company reported a net loss of nearly $406 million for the first quarter of 2026, attributing much of this shortfall to non-cash losses related to digital assets, both pledged and held, as well as losses on equity securities. In a stark contrast, Bitcoin was trading at approximately $119,000 on the day the company announced its significant purchases back in July, yet it was recently priced at around $76,657, reflecting a decrease of 0.6% in the past day and 3.3% over the last week.
In the stock market, shares of DJT experienced a modest gain of nearly 1% on Friday, trading around $8.02. However, this figure marks a decline of over 39% year-to-date and represents a staggering 70% drop from its 52-week high of $27.00. Additionally, the firm recently made headlines for abandoning its plans to launch Bitcoin and joint Bitcoin/Ethereum exchange-traded funds (ETFs), further signaling turbulent times ahead for the company, which also owns the social media platform Truth Social.
