Trump Media & Technology Group Corp., known for its social media app Truth Social, has recently transferred 2,650 Bitcoin (approximately $205 million) to Crypto.com. This move comes as the company grapples with significant unrealized losses on its cryptocurrency holdings, which have now reached about $455 million. As of mid-September 2025, Trump Media held 11,542.16 Bitcoin valued at $1.37 billion, but by December 31, 2025, this number dropped to 9,542.16 Bitcoin, reflecting a strategic reduction in its crypto assets. The company has announced plans to raise $2.5 billion to create a Bitcoin treasury, indicating a long-term commitment to cryptocurrency despite current challenges. Additionally, Trump Media recently withdrew its application for a Bitcoin-linked exchange-traded fund (ETF) with the SEC, a decision that may stem from increased competition in the crypto space, particularly from established financial institutions like Morgan Stanley. In Q1 2026, the company reported a net loss of $405.88 million, largely attributed to $243.96 million in unrealized losses on digital assets, further highlighting the financial pressures it faces.