Trump Media (DJT) Moves to Sell Bitcoin as Losses Reach $455 Million
Trump Media & Technology Group has transferred 2,650 Bitcoin, valued at approximately $205 million, to Crypto.com, indicating a potential sale of its digital assets. The company is facing significant financial losses, with unrealized losses on its cryptocurrency holdings estimated at $455 million. This transfer follows the recent withdrawal of its applications for a Bitcoin ETF, amid increasing competition in the market.
- ▪Trump Media transferred 2,650 Bitcoin to Crypto.com, signaling a potential sale.
- ▪The company has approximately $455 million in unrealized losses on its Bitcoin holdings.
- ▪Trump Media withdrew its applications for a Bitcoin ETF due to competition from established firms.
3 outlets in our directory ran this story, first to last over 1 hour. All of the coverage we found sits in one bucket: centre. That one-sidedness is itself worth noticing.
Bitcoin Magazine files mainly under crypto. We currently carry 37 of its stories.
Opening excerpt (first ~120 words) tap to expand
.tdi_44{min-height:0} .tdi_46,.tdi_46 .tdc-columns{min-height:0}.tdi_46,.tdi_46 .tdc-columns{display:block}.tdi_46 .tdc-columns{width:100%}.tdi_46:before,.tdi_46:after{display:table}.tdi_46{padding-top:22px !important}.tdi_46 .td_block_wrap{text-align:left} .tdi_48{vertical-align:baseline}.tdi_48>.wpb_wrapper,.tdi_48>.wpb_wrapper>.tdc-elements{display:block}.tdi_48>.wpb_wrapper>.tdc-elements{width:100%}.tdi_48>.wpb_wrapper>.vc_row_inner{width:auto}.tdi_48>.wpb_wrapper{width:auto;height:auto} HomeNEWSTrump Media (DJT) Moves to Sell Bitcoin as Losses Reach $455 Million { "@context": "https://schema.org", "@type": "BreadcrumbList", "itemListElement": [{ "@type": "ListItem", "position": 1, "item": { "@type": "WebSite", "@id": "https://bitcoinmagazine.com/", "name": "Home" } },{ "@type":…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Bitcoin Magazine.
Discussion
0 commentsMore from Bitcoin Magazine
