Trump Sells at a Loss Again: Trump Media Transfers 2,628 BTC, Losses Reach $555M

Two months later, Trump is selling at a loss again: Trump's publicly listed company, Trump Media (NASDAQ: DJT), transferred 2,628 BTC ($165M) to the Crypto.com exchange 6 hours ago. Their total losses on BTC have now reached a staggering $555M: Last July-August, Trump Media raised funds by selling company stock and convertible bonds, then purchased 11,542 BTC ($1.368B) at an average price of $118,529. Since the beginning of this year, they’ve sold off 7,281 BTC ($545M) at an average price of around $74,860, realizing a loss of $318M. Currently, they still hold 4,261 BTC ($268M), with an unrealized loss of $237M. Address: https://(arkm.com)/explorer/entity/trump-media -------------------------------------------------------------------------- Bitget: Join and you’re a VIP! Crypto, U.S. stocks, CFDs—get ahead globally with one platform!