Editor’s note: This story has been updated to clarify several figures.

Trump Media & Technology Group (NASDAQ:DJT) transferred another 2,650 Bitcoin (CRYPTO: BTC) worth roughly $205 million to Crypto.com, deepening scrutiny of its cryptocurrency strategy as combined realized and unrealized losses on the position swell to roughly $455 million.

Company Bought 11,542 Bitcoin At $118,522 Average Price

Trump Media originally purchased 11,542 Bitcoin for approximately $1.37 billion at an average acquisition price of $118,522 per coin.

With Bitcoin trading around $77,341, the company is now down roughly $455 million on its holdings, CoinDesk reports.

The latest transfer occurred during late U.S. evening hours, according to blockchain analytics firm Lookonchain. 

This marks the second major movement, following an earlier transfer four months ago when the company shifted 2,000 Bitcoin valued at roughly $175 million with Bitcoin trading near $87,378.

The move comes just days after Trump Media withdrew SEC filings for three planned crypto ETFs — a Truth Social Bitcoin ETF, a Truth Social Bitcoin & Ethereum ETF, and a Truth Social Crypto Blue Chip ETF. ETF analysts said the decision appeared driven by deteriorating economics across the spot Bitcoin ETF sector rather than regulatory concerns.

Q1 Net Loss Hit $405.9M On Just $871,200 Revenue

The company’s financial results have come under pressure from its cryptocurrency strategy. 

In May, Trump Media reported a first-quarter net loss of $405.9 million on $871,200 in revenue, widening sharply from a $31.7 million loss during the same period a year earlier.

Trump Media stock sits at $8.02, up 0.94% today but down roughly 37% from its February 2026 high near $12.80. The stock has been in a sustained downtrend for three months.

Chart Shows Descending Channel Accelerating Lower

The descending channel from February remains intact and accelerating lower. Every EMA is stacked bearishly overhead—20 EMA at $8.71, 50 EMA at $9.35, 100 EMA at $10.48, and 200 EMA at $13.03—all declining.

Today’s bounce is happening right at dotted horizontal support around $7.90 to $8.00, the last meaningful floor before open space below $7. SAR at $8.42 sits just above current price, confirming the trend remains bearish.

Support holds at $7.90 to $8.00 horizontal floor. Resistance sits at $8.71 (20 EMA) then $9.35. 

If the channel holds and the breakdown extends, the pattern’s measured move points to the $5.00–$6.00 area. A daily close above $9.35 would break the structure and invalidate the bearish setup.

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