Data: Trump Media's investment in BTC lost $455 million, still holding 6,889 Bitcoins

ME News report: On May 22 (UTC+8), according to EmberCN statistics, Trump Media & Technology Group (US stock code: DJT) raised funds last year in July–August by selling the company’s shares and convertible bonds to buy 11,542 BTC, worth up to $1.368 billion, at an average purchase price of $118,529. Earlier in the year, it sold 2,000 BTC at an average price of $87,380, and then transferred another 2,650 BTC to trading platforms, valued at $205 million. Trump Media currently has a loss of $455 million on its BTC investments, and still holds 6,889 BTC valued at $533 million. (Source: ChainCatcher)
BTC-2.5%
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ApyDaydreamer
· 13h ago
So when do you plan to sell the remaining 6889 coins? Will you wait until they reach zero?
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WhaleInAGlassBottle
· 18h ago
So this is using shareholders' money to provide liquidity for BTC? Thanks.
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DeepBlueStakingStone
· 18h ago
The US stock code DJT, the crypto code "leek," a dual-genre artist indeed.
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AlphaAfterTea
· 18h ago
There are still 6,889 coins left; at this rate, I could lose 1 billion next year.
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ColdBrewSparklingWater
· 19h ago
That wave of selling at the beginning of the year was quite decisive, but unfortunately I didn't get out completely.
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TheProphetOfToast
· 19h ago
1.37B entered, now only 533 million left, I could even have my grandma handle this return rate.
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0xLateAgain
· 19h ago
From DJT stocks to BTC, the Trump family's wealth code has always been a contrarian indicator.
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SushiAndSlugs
· 19h ago
Suggest Trump Media rename to Trump Rekt Media
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QuantsAndCats
· 19h ago
What are the feelings of the Warriors who bought in at 118k? Come out and say a few words.
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GateUser-6bc62511
· 19h ago
Waiting for the next earnings report to see how many more tricks they can pull off losing money.
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