Trump Media's investment in BTC results in a loss of $455 million, still holding 6,889 Bitcoins

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BlockBeats News, May 22. According to EmberCN statistics, Trump Media & Technology Group Trump Media (US stock code: DJT) raised funds last July–August by selling company stock and convertible bonds to buy 11,542 BTC, with a value of up to $1.368 billion, and an average purchase price of $118,529. It previously sold 2,000 BTC at an average price of $87,380 earlier this year, and today again transferred an additional 2,650 BTC to the trading platform, valued at $205 million.

Trump Media currently has a loss of $455 million on BTC investments, and still holds 6,889 BTC, worth $533 million.

BTC-0.4%
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Don'tBeACoachForBagholders
· 1h ago
Selling at 87k at the beginning of the year and buying back now, what's the point?
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BridgeSideBanter
· 1h ago
Still holding 6,889 coins, waiting to break free?
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Stop-LossIsLikeAConfession
· 1h ago
This position's cost is more than I have earned in my entire life.
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TacoTreasury
· 1h ago
This operation made my blood pressure rise.
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GateUser-b4b056d3
· 1h ago
455 million loss, if it were me, I would have already uninstalled the app.
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GateUser-ced0257a
· 1h ago
Media groups are trading cryptocurrencies; what about their main business?
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GateUser-e6dafce6
· 1h ago
So, are DJT stock price and BTC trend now linked?
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GovernanceGremlin
· 1h ago
Buy at 2,000, sell at 2,650, buy high and sell low, then chase higher, textbook-level contrarian strategy
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L2NightCourier
· 1h ago
The average price of 118k now needs to double to break even, right?
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GlassDomeUniverse
· 1h ago
Buying high and selling low, classic move
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