Trump Media Sells 2,628 BTC at $145M Loss, Holdings Shrink 63% to 4,261 BTC

Trump Media & Technology Group has offloaded another 2,628 BTC worth roughly $165 million, locking in an estimated $145 million loss on the trade, according to blockchain analytics platform Lookonchain, citing Arkham data. The sale, transferred to Crypto.com over the weekend, pushes the company’s remaining Bitcoin reserves down to 4,261 BTC — a 63% drop from its original purchase.

Arkham’s wallet tracking showed the disposal split across two transactions: 2,429 BTC and 198.9 BTC, both moved to Crypto.com. It follows an earlier pair of transfers on May 22, when Trump Media-linked wallets sent a combined 2,650 BTC, worth about $205 million at the time, to the same exchange.

The math behind $318 million in year-to-date losses

Trump Media built its position by raising cash through stock sales and convertible bonds, ultimately accumulating 11,542 BTC at an average cost basis of roughly $118,522. When Bitcoin rallied through October 2025, that stack was briefly worth $1.456 billion — about $88 million above cost.

Since then, Bitcoin’s price has slid well below the company’s entry point, forcing a string of disposals. Over the past seven months, Trump Media has sold a cumulative 7,281 BTC for roughly $545 million, at an average execution price near $74,860 — far below its original cost basis. Lookonchain’s data puts the total realized losses for 2026 at approximately $318 million.

What remains on the balance sheet is 4,261 BTC, valued at about $269.8 million at current prices, according to Arkham. That’s down from the peak holding of 11,542 BTC — meaning the company has liquidated nearly two-thirds of its original Bitcoin treasury.

Why the sell-down matters beyond one balance sheet

Trump Media’s retreat is a visible symptom of a wider problem hitting corporate Bitcoin treasuries: many companies that stacked BTC near 2025’s highs are now sitting on positions underwater relative to their entry prices, and some are being forced to sell into a weaker market rather than hold. Trump Media’s average buy-in of $118,522 compares with Bitcoin trading far below that level in recent weeks, turning what was once an $88 million paper gain into hundreds of millions in realized losses.

The sales also land amid heightened political scrutiny. Lawmakers are currently debating the Digital Asset Market Clarity (CLARITY) Act, with critics raising ethics questions about digital-asset ownership and conflicts of interest tied to Trump-linked crypto ventures. The timing of the disposals — routed through Crypto.com in tranches rather than a single block sale — has drawn added attention from on-chain analysts tracking the wallets.

For holders and traders watching corporate treasury flows, the takeaway is straightforward: a company that once held over 11,500 BTC now holds well under half that amount, and its selling has been consistently priced below its own cost basis all year. Whether the remaining 4,261 BTC gets sold down further will depend on where Bitcoin trades from here, but the pattern so far has been one of realizing losses rather than waiting for a recovery.

Read more: Coldcard Exploit Toll Doubles to $70M as Galaxy Counts 1,200 Drained Wallets

Sources

• ambcrypto.com
• cointelegraph.com
• theblock.co