Trump Media & Technology Group (NASDAQ:DJT) has deepened scrutiny over its cryptocurrency strategy by transferring 2,650 Bitcoin (approximately $205 million) to Crypto.com, raising its total unrealized losses to $455 million. The company originally acquired 11,542 Bitcoin for about $1.37 billion, averaging $118,522 per coin. Currently, Bitcoin trades around $77,341, significantly impacting the company's financial standing. Just days prior to this transfer, Trump Media withdrew its application for a spot Bitcoin exchange-traded fund (ETF), a move analysts suggest was influenced by poor economic conditions rather than regulatory issues. In its Q1 2023 report, Trump Media disclosed a staggering net loss of $405.9 million against a mere $871,200 in revenue, a sharp decline from the previous year's loss of $31.7 million. The company's stock has also suffered, falling over 52% from its February highs of $17, currently trading at $8.10. The stock's performance reflects a bearish trend, with critical support levels around $7.90 to $8.00.