Trump Media's BTC Investment Loses $455 Million, Still Holds 6,889 Bitcoins

BlockBeats News, May 22nd, according to EmberCN's statistics, the Trump Media Technology Group (NASDAQ: DJT) raised funds last year in July-August through the sale of company stocks and convertible bonds to purchase 11,542 BTC, totaling a value of $1.368 billion, with an average purchase price of $118,529 per BTC. Earlier this year, they sold 2,000 BTC at an average price of $87,380 per BTC. Today, they transferred an additional 2,650 BTC to the trading platform, worth $205 million.

Trump Media is currently facing a $455 million loss in its BTC investments. However, they still hold 6,889 BTC, valued at $533 million.