Wallets associated with Trump Media (DJT) transferred 2,628 BTC (~$165 million) to Crypto.com. The company had previously accumulated 11,542 BTC at an average price of $118,529 per coin, totaling $1.368 billion, raised through the sale of shares and convertible bonds last summer.
Since the beginning of the year, the company has gradually sold a total of 7,281 BTC at an average price of approximately $74,860—recording a loss of $318 million. The remaining 4,261 BTC (~$268 million) currently carry an unrealized loss of $237 million. Total losses, both realized and paper, are estimated at $555 million.

Continue reading this article on source: x.com