Trumpet Media & Technology Group (Nasdaq: DJT), the parent company of the Social Truth platform, has transferred another 2,650 Bitcoin worth about $205 million to the Crypto.com exchange, a move that many interpreted as a potential sale of the company’s digital assets.
Transferring, verifying and data on chain to follow and blockchain analytics company Lookonchain, occurred in two incidents between 1:22 am and 2:22 am GMT on May 22, from wallets called Trump Media accounts and Arkham Intelligence.
The company has not yet issued any statement confirming or denying its intention.
Trump Media first to buy 11,542 BTC is about $1.37 billion at a purchase price of $118,522 per coin.
It is a Bitcoin transaction around $77,000 to $77,300 at the time of the transfer – below the base price – the company now says it has about $455 million in unrealized losses on its cryptocurrency reserves. After this sale, Trump Media’s visible on-chain-holdings reach 6,889 to 6,892 BTC, worth about $533 million at current prices.
This is not the first time a company has moved Bitcoin off its books.
Four months ago, Trump Media exchanged 2,000 BTC worth about $175 million – at that time, with Bitcoin trading around $87,378 – which the company later identified as a deal.
Trump bitcoin ETF big money
The latest crypto update comes just days after Trump Media he left its services of the Bitcoin ETF and the Bitcoin-Ethereum ETF combined from the US Securities and Exchange Commission on May 20.
The company’s fund manager, Yorkville America, issued a withdrawal statement, saying it would not pursue a public offering “at this time.”
ETF analysts noted that the decision appeared to be driven less by headwinds and more by competition from established players like BlackRock and Morgan Stanley, who now dominate what has become the $57 billion Bitcoin ETF market.
The Bitcoin strategy coincided with the massive destruction of Trump Media’s finances. In its report for the first quarter of 2026, the company has been sent a total loss of $405.9 million on revenue of just $871,200 – widening from a loss of $31.7 million in the same period last year. Most of the losses, about $368.7 million, came from unrealized losses on digital assets and securities.
DJT shares have fallen nearly 60% in the past 12 months and were trading between $7.95 and $8.15 on Thursday and Friday.
The company, which was founded in 2021 and is headquartered in Sarasota, Florida, has struggled to raise money for marketing despite betting heavily on crypto as a pillar of its financial foundation.
