Trump Media & Technology Group, which owns Truth Social, is back in the crypto spotlight after new data showed another big Bitcoin transfer to exchanges.
The analytics platform Arkham reported that the company moved about 2,650 BTC, worth over $200 million, to Crypto.com.
This latest transfer has led to speculation that the company might be getting ready to sell some of its Bitcoin. Traders watch exchange deposits closely because they can signal possible selling pressure.
Reports say Trump Media had collected over 11,500 BTC at much higher average prices and now faces large unrealized losses with Bitcoin trading near $77,000.
The company also recently cancelled plans for several crypto ETFs linked to Bitcoin, Ethereum, and Solana after reporting a big quarterly loss, partly due to crypto market swings.
The wider market is also uncertain after changes at the US Federal Reserve and more profit-taking in derivatives markets. Analysts say that if Bitcoin keeps moving to exchanges, it could cause more short-term price swings, especially since trading volumes are still low.
At the same time, well-known investors like Mark Cuban have reportedly cut back on their Bitcoin holdings, which has added to the negative mood in the market.
Trump Media just sold 2,650 $BTC($205M)?
Trump Media bought 11,542 $BTC($1.37B) at an average cost of $118,522.
4 months ago, they transferred out 2,000 $BTC($175M) at $87,378.
An hour ago, they deposited another 2,650 $BTC($205M) into https://t.co/INIxikglp6.
Trump Media is… pic.twitter.com/unfYm1o70m
— Lookonchain (@lookonchain) May 22, 2026
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