Trump Media Moves 2,650 BTC ($204M) to Crypto.com, Sparking Sell-Off Talk
Blockchain analytics firm Arkham Intelligence said Thursday that wallets linked to Trump Media & Technology Group (DJT) transferred more than 2,650 bitcoin—about $204 million—to Crypto.com in two transactions around 8:00 p.m. ET.
Arkham's data did not indicate the purpose of the outbound transfers. Because the funds were sent to a centralized exchange, traders noted the move is often associated with potential selling, though Trump Media has not commented and no sale has been confirmed.
The transfers draw fresh attention to the company's bitcoin exposure. Trump Media, the publicly traded parent of Truth Social, disclosed last year that it held roughly $2 billion in bitcoin and bitcoin-related securities, describing the position as part of a strategy to protect itself from "discrimination by financial institutions." Arkham estimates the wallets tied to the company still hold about $533 million in BTC.
Earlier this year, the same addresses sent a much smaller amount—about 3.2 BTC (roughly $245,000)—to Crypto.com.
Trump Media has promoted total assets of around $2.1 billion, but its crypto holdings have contributed to large paper losses. The company reported a net loss of nearly $406 million in Q1 2026, largely driven by non-cash items including unrealized losses on digital assets, pledged digital assets, and equity securities.
Bitcoin has fallen sharply since Trump Media first disclosed its position last July, when BTC traded near $119,000. At the time of Arkham's alert, bitcoin was around $76,657, down 0.6% on the day and about 3.3% over the past week.
DJT shares rose nearly 1% at Friday's open to about $8.02, though the stock is still down more than 39% year to date and roughly 70% below its 52-week high of $27.00.
The transfer also comes as Trump Media scales back parts of its crypto agenda. This week, the company dropped plans to launch a standalone bitcoin ETF and a combined bitcoin/ethereum ETF, adding to speculation that it may be reassessing its bitcoin exposure amid market pressure and sizable unrealized losses.
