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Trump Media moves $344M in Bitcoin amid stock plunge and mounting losses

05 Nov 2026, 06:31 WIB
Crypto Briefing
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Bearish
Trump Media moves $344M in Bitcoin amid stock plunge and mounting losses

Trump Media & Technology Group transferred 4,259 Bitcoin worth about $344 million to Crypto.com the same day its shares dropped 24.5% to a record low after the US midterm elections. The company reported a $238 million quarterly net loss, including over $190 million in unrealized losses on digital assets and equities. Trump Media's Bitcoin holdings have decreased slightly, and it also holds 756 million Cronos tokens valued at $41 million. This move signals growing financial pressure on the company amid falling stock and crypto prices.

Trump's official token trades at Rp22.969 on Pluang, down 16.28% in the last day as of Nov 05, 2026 11:51 WIB, reflecting continued pressure after the company's Bitcoin transfer and stock drop. Meanwhile, Cronos (CRO) tokens are up 5.03% to Rp948, with a market cap of Rp48 trillion and strong buy interest at 89% of Pluang order activity. This contrast highlights differing investor sentiment within assets linked to Trump Media amid its financial challenges.

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