Trump Media's Bitcoin Bet Is Now $455M Underwater as DJT Moves Another $205M to Crypto.com!

Trump Media & Technology Group has transferred another 2,650 bitcoin — worth roughly $205 million at current prices — to Crypto.com, deepening scrutiny of a cryptocurrency strategy that has turned into one of the most expensive corporate crypto bets on record. The company originally purchased 11,542 BTC at an average price of $118,522, a level bitcoin now trades well below at approximately $77,341.

With unrealized losses now estimated at $455 million, the pressure on DJT's balance sheet is compounding fast. The company's first-quarter results showed a net loss of $405.9 million on just $871,200 in revenue — a staggering widening from the $31.7 million loss posted in the same period a year earlier.

The transfer also follows Trump Media's withdrawal of its spot bitcoin ETF application. ETF analysts suggested the pullback was driven less by regulatory friction and more by deteriorating…