Trump Media’s Bitcoin Position Shows $455 Million in Losses
Benzinga reported Friday that Trump Media & Technology Group (NASDAQ: DJT) has accumulated roughly $455 million in unrealized Bitcoin losses. The company transferred an additional 2,650 Bitcoin worth approximately $205 million to Crypto.com, deepening investor concern over its cryptocurrency strategy.
A Costly Entry Price
Trump Media originally acquired 11,542 Bitcoin for around $1.37 billion. The average purchase price per coin came in near $118,522. With Bitcoin recently trading closer to $77,341, the gap between cost basis and market value has grown sharply. Blockchain analytics firm Lookonchain flagged the latest transfer as occurring during late U.S. evening hours.
This was not the company’s first major movement of digital assets. Roughly four months ago, Trump Media shifted 2,000 Bitcoin then valued near $175 million. At that point, Bitcoin was trading around $87,378 per coin.
Also Read: What Bitcoin’s Price Action Means for Corporate Treasury Holders
Background: Financials Were Already Stretched
The Bitcoin position losses compound an already difficult financial picture. Trump Media posted a first-quarter net loss of $405.9 million against revenue of just $871,200, according to Benzinga. That compares to a $31.7 million loss in the same period a year earlier. The widening gap reflects both the company’s minimal operating scale and the drag from its aggressive cryptocurrency bet.
The moves also follow Trump Media’s decision to withdraw its application for a spot Bitcoin exchange-traded fund just days earlier. Analysts cited deteriorating economics across the spot Bitcoin ETF sector rather than regulatory pushback as the likely driver. The withdrawal raised fresh questions about the long-term direction of the company’s crypto ambitions.
Also Read: Spot Bitcoin ETF Sector Faces Margin Pressure Amid Crowded Field
DJT Stock Remains Under Pressure
Trump Media shares were trading around $8.10 at the time of the report, up modestly on the day but still down more than 50% from February highs near $17. The stock has been in a sustained downtrend for roughly three months. Every major moving average sits well above the current share price, each trending lower. Near-term support rests around the $7.90 to $8.00 zone. A breakdown below that level would open the door to further declines toward the $5 to $6 range.
The combination of heavy operating losses, a shrinking share price, and a deteriorating Bitcoin position leaves Trump Media facing difficult questions from shareholders heading into the second quarter.
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