Loss of $555 Million: Trump Media Transfers 2,628 BTC to Crypto.com

Odaily News: According to on-chain analyst Yu Jin's monitoring, Trump Media transferred 2,628 BTC to the Crypto.com exchange 6 hours ago. The company currently faces a total loss of up to $555 million on its Bitcoin holdings. Between July and August last year, Trump Media raised funds by selling company stock and convertible bonds, then purchased 11,542 BTC at a total cost of $1.368 billion, with an average price of $118,529 per BTC. Since the beginning of this year, the company has gradually sold 7,281 BTC for $545 million, at an average price of approximately $74,860 per BTC, realizing a loss of $318 million. It currently still holds 4,261 BTC, valued at $268 million, with an unrealized loss of $237 million.