Trump Media Transfers 2,650 BTC to Crypto.com
A Trump Media-linked wallet moved 2,650 BTC (about $204.93M) to Crypto.com on May 22, leaving roughly 6,889 BTC and raising questions about its bitcoin holdings.
On May 22, a wallet linked to Trump Media & Technology Group transferred 2,650 bitcoin, valued at about $204.93 million, to the cryptocurrency exchange Crypto.com, according to on-chain data reviewed by blockchain analytics firm Arkham. After the transfer the address retained an estimated 6,889 BTC, worth roughly $532.78 million at current prices.
Trump Media has not issued a statement or scheduled a call to explain the purpose of the transfer. The company did not disclose whether the movement represented a sale, a custody change or a liquidity arrangement. DJT shares traded lower in early market sessions after the transfer was reported.
Trump Media purchased about 11,542 bitcoin in 2025 at an average cost near $118,522 per coin, spending roughly $1.37 billion in total. In December 2025 the company moved 2,000 BTC when bitcoin traded near $87,378; analysts at the time widely described that transfer as an internal custody rearrangement.
In its first-quarter 2026 financial report, Trump Media recorded a $405.9 million net loss driven mainly by unrealized markdowns on its bitcoin and Cronos (CRO) holdings. The company reported positive operating cash flow of $17.9 million from Truth Social and affiliated media operations for the quarter. Trump Media financed its 2025 bitcoin purchases with about $2.4 billion raised through stock sales and convertible note placements.
CEO Devin Nunes has characterized the bitcoin position as a balance-sheet diversification strategy rather than an indefinite hold, and the company has not adopted a formal “never sell” policy. No confirmation has been provided about the destination or intent behind the May 22 transfer.
The material on GNcrypto is intended solely for informational use and must not be regarded as financial advice. We make every effort to keep the content accurate and current, but we cannot warrant its precision, completeness, or reliability. GNcrypto does not take responsibility for any mistakes, omissions, or financial losses resulting from reliance on this information. Any actions you take based on this content are done at your own risk. Always conduct independent research and seek guidance from a qualified specialist. For further details, please review our Terms, Privacy Policy and Disclaimers.
Articles by this author
