Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Trump Media faces $480M unrealized loss on Bitcoin after selling 4,650 BTC in 2026.

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

Trump Media & Technology Group holds nearly $480 million in unrealized losses on its Bitcoin investments after originally buying 11,542 BTC for $1.37 billion at an average price of $118,522 per token. The company recently sold 2,650 BTC worth about $205 million and previously sold 2,000 BTC earlier in 2026, reducing its holdings to around 6,889 BTC. Despite these sales, Bitcoin's current price of about $77,200 remains significantly below their purchase price, causing substantial markdowns. The firm also reported a $406 million net loss in Q1 2026, largely due to unrealized losses on digital assets, highlighting ongoing financial challenges tied to its crypto investments.

More News

Aerospace materials market to reach $89.58B by 2031, driven by lightweight composites and Asia-Pacific growth

Aerospace materials market to reach $89.58B by 2031, driven by lightweight composites and Asia-Pacific growth

The global aerospace materials market is projected to grow from $60.38 billion in 2026 to $89.58 billion by 2031, at a CAGR of 8.21%. Growth is fueled by rising demand for lightweight composite materials that improve fuel efficiency, increased satell...

Market News
Bullish
2 hours ago
State Street Global Advisors reduces stake in DCC plc to 1.39% after selling 1,250 shares.

State Street Global Advisors reduces stake in DCC plc to 1.39% after selling 1,250 shares.

State Street Global Advisors & Affiliates disclosed a sale of 1,250 ordinary shares of DCC plc on May 22, 2026, at a price of €61.55 per share. Following this transaction, their total holding in DCC plc stands at 1,189,951 shares, representing 1.3929...

Market News
Neutral
2 hours ago
NevGold's Nevada project hits antimony in every drillhole, aiming for 2027 production to boost US critical mineral supply.

NevGold's Nevada project hits antimony in every drillhole, aiming for 2027 production to boost US critical mineral supply.

NevGold Corp. reported that all 17 drillholes at its Limousine Butte project in Nevada returned consistent oxide antimony and gold mineralization, with notable grades such as 0.32% antimony over 14.9 meters. This brownfield site contains historic cru...

Market News
Bullish
2 hours ago
AutoZone set to report strong Q1 earnings with EPS $36.22 and $4.86B revenue amid positive analyst outlook.

AutoZone set to report strong Q1 earnings with EPS $36.22 and $4.86B revenue amid positive analyst outlook.

AutoZone is preparing to release its quarterly earnings report on May 26, 2026, with high expectations for strong performance. Analysts project an earnings per share (EPS) of $36.22 and revenues of $4.86 billion, driven by seasonal demand for automot...

Company Fundamentals
Bullish
3 hours ago
Bill C-22 sparks warnings of major tech investment flight from Canada over privacy and encryption concerns

Bill C-22 sparks warnings of major tech investment flight from Canada over privacy and encryption concerns

Canada's proposed Bill C-22 faces strong opposition from global tech leaders and privacy advocates who warn it threatens the country's digital economy by undermining data privacy and encryption. Key companies like Meta, Apple, and Signal argue the la...

Market News
Bearish
3 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App