Trump Media Sends $205M in BTC as Crypto Losses Deepen

TLDR Trump Media transferred 2,650 bitcoin worth about $205 million to Crypto.com. The transaction took place during late U.S. evening hours based on blockchain data. Trump Media originally purchased 11,542 BTC for about $1.37 billion at a higher average price. Bitcoin currently trades well below the company’s acquisition cost, leading to large unrealized losses. The [...]

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