Trump Media, the public company tied to U.S. President Donald Trump, appears to be preparing another Bitcoin sale, according to on-chain analyst Ember. The analyst said the company moved 2,628 BTC to Crypto.com about six hours before the report, with the transfer valued at roughly $165 million. A transfer to an exchange often signals an intent to sell, though there is no confirmation yet that any sale has actually been executed.
The report also outlined the company’s broader Bitcoin position. Trump Media raised funds through stock issuance and convertible bonds from July to August last year, then bought 11,542 BTC at an average price of $118,529, for a total cost of about $1.368 billion. Since the start of this year, it has sold 7,281 BTC for around $545 million at an average sale price of about $74,860, realizing a loss of roughly $318 million. The company still holds 4,261 BTC valued at about $268 million, with unrealized losses near $237 million. Based on those figures, cumulative losses on its Bitcoin investment stand at about $555 million.
Trump Media (DJT), the publicly listed company tied to Donald Trump, appears to be preparing another Bitcoin reduction after a two-month gap, according to monitoring by on-chain analyst Ember.
About six hours before the report, the company transferred 2,628 BTC to Crypto.com, a move valued at roughly $165 million. Tokens sent to an exchange are often interpreted as being positioned for sale, but there is still no confirmation that the transaction has been completed on the market.
According to the figures cited in the report, Trump Media raised funds through stock issuance and convertible bonds between July and August last year. It then bought 11,542 BTC at an average price of $118,529, bringing total investment to about $1.368 billion.
Since the start of this year, the company has sold 7,281 BTC for around $545 million, with an average sale price of about $74,860. That resulted in a realized loss of roughly $318 million.
Trump Media still holds 4,261 BTC worth about $268 million. The report said the remaining position is sitting on an unrealized loss of about $237 million. Based on those figures, cumulative losses on the company’s Bitcoin investment come to roughly $555 million.
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