finance
Trump Media Transfers 2,650 Bitcoin to Crypto.com Exchange
Trump Media moved another 2,650 bitcoin valued at $205 million to the Crypto.com platform. The transfer increases the company's total bitcoin holdings sent to the exchange and updates its reported unrealized loss on the position.
May 23, 6:20 AM·1m read1 source
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Com exchange, according to @CoinDesk. The company has now moved a total of 11,542 bitcoin to the platform. The bitcoin was acquired at an average price of $118,522 per coin. At current market prices, the position shows an estimated unrealized loss of $455 million.
Com to the full amount purchased. @CoinDesk reported the transaction as the most recent movement of the company's digital asset holdings. No additional details on the purpose of the transfer or future plans were included in the report.
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