Trump Media moves $165 million in Bitcoin, remaining holdings near collateral amount for loan
2026-08-03 05:55
Odaily News: Trump Media has transferred 2,628 Bitcoin to Crypto.com, valued at approximately $165 million, with approximately 4,261 Bitcoin remaining in the flagged wallet, close to the amount of collateral pledged for its convertible notes.
Trump Media previously purchased 11,542 Bitcoin at a cost of approximately $1.37 billion, with the purchase price near the market peak. Since then, 7,281 Bitcoin have been transferred out, and on-chain analysts estimate realized losses of approximately $318 million, along with unrealized losses of approximately $237 million.
Trump Media reported first-quarter revenue of $871,200 and a net loss of $405.9 million. The company has not yet stated whether the latest transfer constitutes a sale or a custodial move, and the distinction will be disclosed in its second-quarter 10-Q filing.
Trump Media previously purchased 11,542 Bitcoin at a cost of approximately $1.37 billion, with the purchase price near the market peak. Since then, 7,281 Bitcoin have been transferred out, and on-chain analysts estimate realized losses of approximately $318 million, along with unrealized losses of approximately $237 million.
Trump Media reported first-quarter revenue of $871,200 and a net loss of $405.9 million. The company has not yet stated whether the latest transfer constitutes a sale or a custodial move, and the distinction will be disclosed in its second-quarter 10-Q filing.
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