Trump Media & Technology Group has moved an additional 2,650 Bitcoin, valued at approximately $205 million, to the Crypto.com exchange. This transaction, spotted by blockchain tracker Lookonchain, has intensified scrutiny of the company’s cryptocurrency strategy amid significant losses on its holdings.
The transfer originated from wallets associated with Trump Media, the parent company of Truth Social and predominantly owned by the Donald J. Trump Revocable Trust. While deposits to exchanges don’t guarantee an immediate sale, market participants typically view large inflows as a potential precursor to liquidation.
Earlier this year, the firm shifted 2,000 BTC (worth about $175 million) when Bitcoin was trading near $87,378. Since then, the market has worsened, with BTC hovering around $77,700 at the time of the latest transfer. Based on prior disclosures, Trump Media originally amassed 11,542 Bitcoin at an average cost of $118,522 per coin, spending nearly $1.37 billion. After the earlier transfer, its holdings dropped to 9,542 BTC; following the latest movement, the stash now appears to be roughly 6,889 BTC.
The company’s recent financial results already reflected the downturn. Trump Media reported a $405.9 million net loss for Q1 2026, with $368.7 million attributed to unrealized markdowns on digital assets and pledged crypto. As of March, the fair value of its Bitcoin holdings had fallen to about $647 million against a cost basis of $1.13 billion. The firm also disclosed ownership of roughly 756 million Cronos tokens linked to its Crypto.com partnership.
What does this mean for Bitcoin? Large exchange inflows can spark temporary fear among traders, as visible supply on order books may act as a resistance zone. However, the $205 million transfer is relatively small compared to Bitcoin’s multi-billion dollar daily trading volume. The market impact will depend on whether the coins are sold directly on the exchange or via over-the-counter channels. On-chain data shows that over 70% of Bitcoin’s circulating supply has remained unmoved for over a year, indicating strong long-term holder conviction despite corporate treasury weakness.