Trump Media moves another $205 million in bitcoin as losses on crypto bet swell to $455 million
60-second summary
Trump Media is moving another $205 million in bitcoin, adding to its $250 million already invested, as the company's crypto bet continues to lose value, swelling losses to $455 million. This move comes as the company faces widening quarterly deficits and sits on hundreds of millions in unrealized crypto losses, putting pressure on its bitcoin strategy.
DJT’s bitcoin strategy remains under pressure as the company sits on hundreds of millions in unrealized crypto losses and widening quarterly deficits.