Data: Trump Media transferred 2,628 bitcoins to Crypto.com, incurring a loss of $555 million

According to on-chain analyst Yu Jin's monitoring, Trump Media transferred 2,628 bitcoins to the Crypto.com exchange 6 hours ago. The company is currently facing a loss of up to $555 million on its bitcoin holdings.

From July to August last year, Trump Media purchased 11,542 bitcoins for $1.368 billion at an average price of $118,529 after raising funds through the sale of company stock and convertible bonds.

Since the beginning of this year, the company has sold 7,281 bitcoins for $545 million at an average price of approximately $74,860, realizing a loss of $318 million. It currently still holds 4,261 bitcoins, valued at $268 million, with an unrealized loss of $237 million.