Bitcoin addresses attributed to Trump Media & Technology Group transferred over 2,650 BTC, worth approximately $204 million, to addresses labeled as Crypto.com on Thursday evening. Blockchain analytics firm Arkham identified the transactions, which are often a precursor to asset sales. The firm, which reported a significant first-quarter net loss largely due to unrealized losses on digital assets, still holds around $533 million in Bitcoin. This major transfer follows the company’s recent decision to scrap plans for launching Bitcoin and joint Bitcoin/Ethereum ETFs.
Bitcoin addresses attributed to Trump Media & Technology Group (DJT) moved more than 2,650 BTC, or about $204 million worth, to Crypto.com addresses late Thursday evening. The purpose of the move has not been reported, and a representative for the firm did not immediately respond to a request for comment.
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.
The firm recently boasted around $2.1 billion in total assets but reported a net loss of nearly $406 million in Q1 2026. This was largely 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. The top crypto asset was recently changing hands at $76,657, down 0.6% in the last 24 hours.
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. The addresses last transferred a much smaller amount, around $245,000 worth, to Crypto.com four months ago.
