Editor’s note: This story has been updated to clarify several figures.
Trump Media & Technology Group (NASDAQ:DJT) transferred another 2,650 Bitcoin (CRYPTO: BTC) worth roughly $205 million to Crypto.com, deepening scrutiny of its cryptocurrency strategy as combined realized and unrealized losses on the position swell to roughly $455 million.
Company Bought 11,542 Bitcoin At $118,522 Average Price
Trump Media originally purchased 11,542 Bitcoin for approximately $1.37 billion at an average acquisition price of $118,522 per coin.
With Bitcoin trading around $77,341, the company is now down roughly $455 million on its holdings, CoinDesk reports.
The latest transfer occurred during late U.S. evening hours, according to blockchain analytics firm Lookonchain.
This marks the second major movement, following an earlier transfer four months ago when the company shifted 2,000 Bitcoin valued at roughly $175 million with Bitcoin trading near $87,378.
The …
