Trump Media Moves Another $165M in Bitcoin, Leaving Treasury Near Collateral Level

Key Takeaways

• Trump Media has transferred 2,628 BTC worth $165 million to Crypto.com.
• The company now holds roughly 4,261 BTC, nearly matching the amount pledged as collateral for its convertible notes.
• The company purchased 11,542 BTC for about $1.37 billion and has since moved 7,281 coins.
• On-chain analysts estimated that the company has around $318 million in realized losses and another $237 million in unrealized losses.

According to Arkham data, Trump Media and Technology Group (TMTG) has moved 2,628 BTC, worth about $165 million, to Crypto.com. The transaction added to a series of large transfers that have steadily reduced the company’s BTC holdings.

The activity leaves roughly 4,261 BTC in the company’s wallet, about $268 million, with Bitcoin near $63,000. Trump Media locked up 4,260.73 BTC as collateral for its debt, meaning the company cannot sell these funds until May 2028 at the latest.

However, the company has not mentioned that the remaining balance is that collateral, and the tagged wallets may not capture everything it holds. But the two figures now round to the same number.

A similar pattern was reported by CoinDesk in May when the company moved 2,650 BTC worth about $205 million to Crypto.com. BTC traded around $77,341, leaving the company’s unrealized losses at roughly $455 million. Before that, in January, the company sent out 2,000 Bitcoin worth about $175 million, with the price near $87,378.

The latest transfer follows similar Bitcoin movements reported in January and May. It suggests a continuation of the company's recent treasury activity.

Close to the top of last year’s cycle, Trump Media purchased 11,542 BTC, worth $1.37 billion at an average of $118,522 a coin. Since then, wallets linked to the company have moved out 7,281 BTC.

According to on-chain analytics firm Lookonchain, Trump Media has transferred out 7,281 BTC over the past seven months. Assuming those transfers represented sales, the firm calculates an average exit price of approximately $74,855 per Bitcoin.

It looks like Trump Media sold another 2,628 $BTC($165.07M).

Trump Media bought 11,542 $BTC($1.37B) at an average price of $118,522, then started selling 7 months ago, selling a total of 7,281 $BTC ($545M) at an average price of $74,855. Trump Media is now down a total of $555M on their $BTC holdings.

Within weeks,… https://pbs.twimg.com/profile_images/1551771778472497152/ocyqhsbm_400x400.jpg

— Lookonchain (@lookonchain) Aug 02, 2026

These continued transfers have significantly reduced the company's visible Bitcoin treasury. In the first quarter this year, Trump Media posted a $405.9 million net loss on revenue of $871,200. Most of that loss ($368.7 million) happened because its investments and cryptocurrencies lost value, especially the Cronos tokens it got from a deal with Crypto.com.

Alongside Anchorage Digital, Crypto.com remains Trump Media’s custodian. It also operates the exchange where it gets sold. This makes a transfer look identical on the blockchain whether it is stored or sold.

The mystery will be solved in the next quarterly financial report (10-Q). If they sold the crypto, it will show up as a "realized loss," but if they just moved it to safe storage, it won't show up at all.

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