🚨BREAKING🚨
🏦 Trump Media & Technology Group moved another 2,650 BTC worth nearly $205M to Crypto.com, increasing attention around its Bitcoin strategy.
📉 The company reportedly purchased 11,542 BTC at an average price of $118,522 per coin, while Bitcoin is now trading near $77K, putting the position at around $455M unrealized losses.
💸 This comes after a previous transfer of 2,000 BTC, showing continued movement of the company’s crypto holdings.
⚠️ Trump Media recently withdrew its spot Bitcoin ETF application, raising concerns about its future crypto expansion plans.
📊 Financial pressure continues to grow as the company reported a Q1 net loss of $405.9M with only $871K in revenue.
🪙 Bitcoin traded around $77.3K–$77.5K during the transfer, keeping market sentiment cautious as institutional crypto losses increase.
$BTC
🏦 Trump Media & Technology Group moved another 2,650 BTC worth nearly $205M to Crypto.com, increasing attention around its Bitcoin strategy.
📉 The company reportedly purchased 11,542 BTC at an average price of $118,522 per coin, while Bitcoin is now trading near $77K, putting the position at around $455M unrealized losses.
💸 This comes after a previous transfer of 2,000 BTC, showing continued movement of the company’s crypto holdings.
⚠️ Trump Media recently withdrew its spot Bitcoin ETF application, raising concerns about its future crypto expansion plans.
📊 Financial pressure continues to grow as the company reported a Q1 net loss of $405.9M with only $871K in revenue.
🪙 Bitcoin traded around $77.3K–$77.5K during the transfer, keeping market sentiment cautious as institutional crypto losses increase.
$BTC