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