Trump Media's Bitcoin Investment Loses $455 Million in Value; Transfers Additional $205 Million to Crypto.com
Trump Media & Technology Group has incurred a combined realized and unrealized loss of approximately $455 million on its Bitcoin investment, which was originally purchased for around $1.37 billion at an average price of $118,522 per coin. Recently, the company transferred another 2,650 Bitcoin (worth about $205 million) to Crypto.com amid ongoing scrutiny over its crypto strategy.