Trump Media BTC Transfer Confirmed Non-Sale Amid $455M Losses

On May 25, analysis clarified that Trump Media’s May 22 transfer of 2,650 BTC (~$205M) to Crypto.com was a custody or operational move, not a confirmed sale, despite earlier speculation. The company originally bought 11,542 BTC at an average $118,522, now holding ~6,889 BTC worth $533M after a prior 2,000 BTC transfer and facing $455M unrealized losses as Bitcoin trades near $77,000. The move followed the May 20 withdrawal of spot-Bitcoin ETF filings and a Q1 net loss of $405.9M, with markets reacting calmly as losses were already priced in.