Trump Media moves 2,650 BTC worth $205M to Crypto.com, raising questions on bitcoin treasury use.

Trump Media & Technology Group transferred 2,650 bitcoin valued at about $204.93 million to the Crypto.com exchange, sparking questions about the company's bitcoin treasury management. The company still holds around 6,889 BTC worth approximately $532 million. The purpose of the transfer—whether a sale, custody change, or liquidity move—has not been confirmed, especially after Trump Media reported a $405.9 million loss in Q1 2026 due to crypto markdowns. This move highlights scrutiny over Trump Media's bitcoin strategy amid broader corporate trends in crypto treasury management.