Trump Media Moves Over $200 Million in Bitcoin as Losses Pile Up: Arkham

In brief

• Bitcoin addresses tied to Trump Media transferred $204 million worth of Bitcoin to addresses labeled as Crypto.com.
• The addresses last transferred funds to Crypto.com four months ago, albeit a much smaller amount.
• Shares in the firm are up nearly 1% on the day, but down 70% from their 52-week high.

Bitcoin addresses attributed to Trump Media & Technology Group (DJT) by blockchain analytics firm Arkham moved more than 2,650 BTC, or about $204 million worth, to Crypto.com addresses late Thursday evening.

The major move took place via two transfers around 8 p.m. ET on Thursday evening. Details about the purpose of the move have not been reported, and a representative for the firm did not immediately respond to Decrypt’s request for comment, though transfers to centralized exchanges are often a precursor to the sale of assets.

The publicly traded firm bought $2 billion worth of BTC and Bitcoin-related securities last year as it sought to protect itself from “discrimination by financial institutions.”

Bitcoin addresses connected to the firm now hold around $533 million in BTC, according to Arkham. Earlier this year, the firm transferred around 3.2 BTC or $245,000 worth to Crypto.com. 

The firm, which recently boasted around $2.1 billion in total assets, reported a net loss of nearly $406 million in Q1 2026, largely as a result of “non-cash losses including unrealized losses on digital assets, digital assets pledged, and equity securities.” 

Bitcoin was trading around $119,000 on the day the firm first announced its purchase last July, but the top crypto asset was recently changing hands at $76,657, down 0.6% in the last 24 hours and now 3.3% in the last week.

Shares of the President Trump-backed DJT are up nearly 1% since the opening bell on Friday, recently changing hands at $8.02. At that mark, shares in the firm are down more than 39% year-to-date and are 70% off their 52-week high of $27.00. 

Earlier this week, the firm—which also controls the social media platform Truth Social—scrapped its plans to launch Bitcoin and joint Bitcoin/Ethereum ETFs.