Trump Media & Technology Group (DJT), the parent of Truth Social, moved 2,650 bitcoin to Crypto.com during late U.S. trading hours, according to blockchain tracking data. With Bitcoin around $77,000, the transfer was valued at roughly $205 million, with some reports putting it closer to $204 million. Data cited from Arkham-linked sources said the coins were sent in two transactions at about 8 p.m. ET. The company has not disclosed the reason for the transfer. Moves to centralized exchanges can reflect custody changes, liquidity needs, collateral activity, or potential sales, though no reporting confirmed that Trump Media sold the Bitcoin after the transfer. The transaction follows an earlier shift of 2,000 BTC about four months ago, then worth about $175 million when Bitcoin traded near $87,378. Blockchain data also indicates smaller transfers to Crypto.com earlier this year. After the latest move, Arkham-linked estimates put Trump Media's remaining Bitcoin holdings at about $533 million, depending on market prices. Trump Media built its position at significantly higher levels, purchasing 11,542 BTC for about $1.37 billion at an average cost of $118,522 per coin. With Bitcoin recently trading in the $76,000–$77,000 area, estimates place the company's unrealized loss near $455 million. The loss is not realized unless the company sells, but the mark-to-market drawdown has become a focal point as the firm continues transferring coins. The crypto moves come after Trump Media withdrew its application for a spot Bitcoin ETF, after also pursuing filings tied to Bitcoin and Bitcoin-Ethereum investment products. Analysts cited in reports suggested the decision was driven more by economics than regulatory hurdles, as spot Bitcoin ETFs have become a highly competitive market dominated by large issuers competing on fees and liquidity. Financial results add to the pressure. Trump Media reported a first-quarter net loss of $405.9 million on $871,200 in revenue, widening from a $31.7 million loss a year earlier. The company attributed much of the quarterly loss to non-cash items, including unrealized losses on digital assets, pledged digital assets, and equity securities. DJT shares have also weakened. Recent data showed the stock near $8.02, down more than 39% year-to-date and about 70% below its 52-week high of $27.00, though it edged higher in Friday trading. In the broader market, Bitcoin has been trading in a range after rebounding from February lows, with recent action roughly between $76,000 and $82,000. Analyst Michaël van de Poppe said Bitcoin needs to hold the $75,000–$76,000 zone as support, noting a CME gap near $79,200 that he expects could close in the coming week. A move higher could set up a test near $90,000, identified as a major resistance area near the 50-day moving average. For Trump Media, the price band remains critical: a sustained move below $75,000 could deepen unrealized losses, while a rebound toward $90,000 would reduce part of the gap versus its average purchase price.

A pseudonymous trader known as Evaded, who booked $4.6M in realized gains on altcoins last week, was liquidated after shorting Bitcoin. On Saturday, he closed long positions in HYPE, ZEC and ETH for the $4.6M profit, then opened a 990 BTC short valued at $74.84M on @HyperliquidX. The trade initially showed an unrealized gain of about $783,000, but a BTC reversal triggered a forced liquidation, leaving a $320,000 loss. The trader then immediately re-entered the market with a 53,500 ZEC long. Earlier in the week, the same wallet withdrew $7.5M from ZEC and HYPE.

Strategy Executive Chairman Michael Saylor (@saylor) said he would not rule out selling a portion of the company's Bitcoin holdings before the end of 2026. Speaking on Natalie Brunell's show on May 21, 2026, Saylor addressed market speculation about potential selloffs and said the firm takes a pragmatic approach to managing its assets. He reiterated Strategy's goal of maximizing bitcoin per share by 2033, noting the company may adjust its capital allocation as needed, including issuing equity and debt, and managing USD and cash reserves.

Strategy's bitcoin position has climbed to roughly $65 billion. The company's accumulation has been driven by a series of large-scale BTC purchases, with several standout buys representing the biggest additions to its holdings.

Michael Saylor said MSTR purchased bonds this week instead of adding Bitcoin, underscoring that Strategy's approach continues to evolve.

Bank of America increased its exposure to Bitcoin-linked ETFs in the first quarter, with most of its positions concentrated in BlackRock’s iShares Bitcoin Trust (IBIT), according to its Q1 2026 Form 13FHR. The filing, covering the period ending March 31 and submitted May 18, shows the bank held about $53 million in crypto ETF positions. IBIT was the largest holding at 972,590 shares valued at roughly $37.3 million, up from 719,008 shares in the previous report. Other bitcoin ETFs included Bitwise BITB (about $7.98 million), Grayscale’s Bitcoin Mini Trust (about $3.32 million) and Fidelity’s FBTC (about $1.71 million), alongside smaller stakes in GBTC, VanEck HODL and ARKB. The bank’s exposure to non-bitcoin crypto ETFs was smaller. Its Ethereum position declined to about $1.06 million through BlackRock’s ETHA, totaling 67,492 shares. On Solana, BofA reduced holdings by selling 700 shares of the Volatility Shares 2x Solana ETF and ended the quarter with 10,296 shares of the standard Solana ETF, worth about $86,000. XRP exposure was unchanged at 13,000 shares of the Volatility Shares XRP ETF, valued around $98,500. BofA’s crypto-linked equity holdings were significantly larger than its direct ETF positions. The bank reported 3.96 million shares of Strategy (formerly MicroStrategy) valued at about $660 million, more than twelve times its reported crypto ETF exposure. Strategy continues to draw attention because of its sizeable Bitcoin treasury. Form 13F filings disclose positions but do not provide the rationale for trading decisions. Peer disclosures indicate other large institutions are also using regulated crypto vehicles: Wells Fargo’s latest 13F showed IBIT as its largest crypto ETF holding at roughly $250 million in Q1. Survey data also point to sustained institutional interest. A Coinbase and EY-Parthenon survey of 351 institutions found 73% plan to increase digital-asset allocations in 2026, with about two-thirds favoring regulated products as their primary exposure route. Taken together, BofA’s Q1 filing suggests a clear tilt toward bitcoin-focused ETFs over altcoin products, while its largest crypto-related position remains its stake in Strategy—reinforcing a conservative, Bitcoin-centric posture in publicly reported holdings.

Bank of America expanded its holdings of cryptocurrency exchange-traded funds in the first quarter of 2026, taking total crypto ETF exposure to roughly $53 million, according to company disclosures cited by CoinMarketCap. Public filings indicate the allocation is overwhelmingly concentrated in Bitcoin-linked products, with no apparent positions in ETFs tied to Ethereum or Solana. IBIT becomes the largest position Documents show the bank increased its stake in BlackRock’s spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), lifting the position to about $37 million. IBIT is now the bank’s largest single holding within its crypto ETF portfolio. The remainder of the disclosed exposure is spread across other spot Bitcoin ETFs, including Bitwise’s BITB, Fidelity’s FBTC, and related offerings from Grayscale. Filings point to a Bitcoin-only tilt Under current disclosure standards, Bank of America’s reported crypto ETF positioning remains centered on Bitcoin. The disclosed holdings show no new exposure to Ethereum- or Solana-related products, underscoring that Bitcoin continues to be the primary focus in the bank’s publicly reported ETF book. The pattern mirrors a broader approach among some traditional financial institutions entering digital assets: favoring products tied to Bitcoin, which typically offer deeper liquidity and a more established regulatory framework. Compared with direct token holdings, ETFs are generally easier to fit into institutional custody, compliance, and risk-management systems. Other Wall Street firms also add exposure Other major U.S. institutions reported larger allocations over the same period. Morgan Stanley’s first-quarter filing showed spot crypto ETF exposure of about $1.24 billion. Goldman Sachs continued to report roughly $690 million in IBIT and $25 million in FBTC. The report also said JPMorgan increased exposure to related crypto assets in the first quarter, despite prior skepticism about Bitcoin expressed by the bank’s leadership. Additional note: This brief is based on publicly disclosed holdings. The source material does not provide specific figures for any Bank of America positions in Ethereum- or Solana-related ETFs.

Bitcoin slid to $74,300 early Saturday, its weakest level since April and more than 10% below the May 6 high of $82,500, according to CoinDesk. Spot bitcoin ETFs have posted six consecutive sessions of net outflows since May 15, including $1.26B last week and $2.26B over the past two weeks. Spot ether ETFs extended their selloff to a 10-day outflow streak. BlackRock's IBIT now reports $61.1B in net assets versus $64.8B in cumulative inflows, leaving AUM about $3.7B below total money raised. Higher bond yields are drawing capital away from zero-yield assets, while speculative flows rotate into SpaceX pre-IPO exposure and commodities.