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Trump Media moves $205M in bitcoin amid $455M crypto losses and widening quarterly deficits

Market News
22 May 2026
Coindesk
View Source
Bearish
pluang ai news

Trump Media & Technology Group transferred 2,650 bitcoin worth about $205 million to Crypto.com, deepening concerns over its cryptocurrency strategy. The company originally bought 11,542 bitcoin at an average price of $118,522 but now faces unrealized losses of roughly $455 million as bitcoin trades far below that price. This move follows the withdrawal of its spot bitcoin ETF application and comes amid significant financial pressure, including a first-quarter net loss of $405.9 million on just $871,200 in revenue. The company's aggressive crypto investments continue to weigh on its financial health and raise questions about its future in the crypto market.

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Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...

Market News
Bullish
2 hours ago
Hi-View Resources launches 2026 exploration program in British Columbia's Toodoggone Mining District

Hi-View Resources launches 2026 exploration program in British Columbia's Toodoggone Mining District

Hi-View Resources Inc. has started its 2026 exploration program in the Toodoggone Mining District, British Columbia, focusing on porphyry targets at key sites like Lawyer’s East, Borealis, and Golden Stranger. The program includes 50 line kilometres ...

Company Fundamentals
Bullish
4 hours ago
USPTO launches AI-assisted image search for trademarks with Clarivate's technology

USPTO launches AI-assisted image search for trademarks with Clarivate's technology

The U.S. Patent and Trademark Office (USPTO) has introduced an AI-assisted image search feature in its public trademark search system, TM Search, using technology from Clarivate Plc. This new tool allows users to upload images and compare them agains...

Market News
Bullish
4 hours ago
AIB Data Centers seen as speculative buy with $3.50 target, hinging on securing key lease to unlock value.

AIB Data Centers seen as speculative buy with $3.50 target, hinging on securing key lease to unlock value.

AIB Data Centers Inc. is considered a speculative buy with a $3.50 price target based on its 65 MW energized capacity. The investment case depends heavily on securing a single anchor lease at its CLT-01 facility, which would validate its business mod...

Analyst Insights
Bullish
4 hours ago
Experian reports 10% Q1 revenue growth, maintains full-year outlook for 2027

Experian reports 10% Q1 revenue growth, maintains full-year outlook for 2027

Experian PLC started its 2027 financial year with a 10% revenue increase in the first quarter, driven by strong demand in North America and Latin America. Organic growth was 7%, with North America growing 7% despite a 2% drop in consumer services due...

Company Fundamentals
Bullish
4 hours ago
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