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Trump Media Moves Another $205M in Bitcoin to an Exchange

Trump Media transferred an additional 2,650 BTC to Crypto[dot]com, lifting its recent exchange-bound transfers to 4,650 BTC. The company previously acquired 11,542 BTC at an average price of $118,522, about 6% below Bitcoin's all-time high. With Bitcoin now trading well below that level, Trump Media is estimated to be holding roughly $455M in unrealized losses. Trump Media said the Bitcoin was transferred but not sold. Still, shifting coins onto an exchange is fueling renewed scrutiny of the company's crypto strategy.
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