Trump Media & Technology Group transferred 2,628 Bitcoin to Crypto.com, a major centralized exchange, on-chain data confirms. The move is valued at $166,616,184 at Bitcoin's current price of $63,428.
That brings Trump Media's total exchange inflows to 7,281 BTC since January—a deliberate, consistent pattern of moving treasury Bitcoin toward liquidity.
The company originally acquired 11,542 Bitcoin at an average price of roughly $118,500 per coin. At today's price, that position is deeply underwater. Estimated realized and unrealized losses on the portfolio now total $555 million.
On-chain data ties the 2,628 BTC directly to a known Crypto.com wallet address. Large transfers to centralized exchanges at this scale typically precede a sale or conversion to fiat.
Trump Media holds approximately 4,261 Bitcoin in remaining treasury, worth roughly $270.3 million at current prices—a fraction of what the position cost to build.
The liquidation pattern is hard to ignore. Companies offload treasury assets to cover operating expenses, fund new initiatives or reduce balance sheet exposure to volatile assets. Trump Media has now done this repeatedly.
Bitcoin trades at $63,428, up 0.7 percent over the past 24 hours—still well below the company's average acquisition cost.
Shares of Trump Media & Technology Group trade under the ticker DJT. Ongoing treasury sales and a nine-figure loss on the books are the kind of disclosures that move investor sentiment in publicly traded companies.
MicroStrategy has taken the opposite approach, accumulating Bitcoin aggressively while Trump Media exits. The contrast is direct: one company treats Bitcoin as a long-term reserve asset; the other is drawing down its position at a loss.
While 2,628 BTC is a significant single transfer, it represents a small slice of Bitcoin's daily global trading volume. The broader market impact is limited.
