Trump Media & Technology Group shifted more than 2,650 BTC—about $204 million—into Crypto.com wallets late Thursday, blockchain sleuths at Arkham Intelligence reported. The move occurred in two transfers around 8 p.m. ET; the company has not explained the purpose, and a DJT spokesperson did not immediately respond to requests for comment.
Transfers to centralized exchanges like Crypto.com are often a precursor to selling, so the transaction has drawn attention as a potential sign of liquidation or rebalancing. Arkham’s attribution shows addresses tied to the President-backed firm still hold roughly $533 million in bitcoin.
Context: last year DJT disclosed it had bought roughly $2 billion in bitcoin and bitcoin-related securities to guard against what it described as discrimination by financial institutions. The company, which also owns Truth Social, touted about $2.1 billion in total assets but has since posted heavy losses. In Q1 2026 DJT reported a nearly $406 million net loss largely driven by “non-cash losses including unrealized losses on digital assets, digital assets pledged, and equity securities.”
Market backdrop: bitcoin traded near $119,000 when DJT announced its big purchase last July; it was changing hands around $76,657 at the time of this latest transfer (down 0.6% in 24 hours, down 3.3% over the week). Earlier this year the firm moved a much smaller amount—about 3.2 BTC (~$245,000)—also to Crypto.com.
DJT’s stock edged up nearly 1% at the Friday open, trading around $8.02, but remains down more than 39% year-to-date and roughly 70% off its 52-week high of $27.00. Earlier this week the company abandoned plans to launch bitcoin and joint bitcoin/ethereum ETFs, further underscoring a turbulent stretch for its crypto strategy.
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