Trump Media transferred 2,650 BTC to Crypto.com Q1 loss of $405.9 million Bitcoin spot ETF net outflows over $2.26 billion in two weeks IBIT holdings decreased to approximately 800k coins

Mars Finance reports that, according to BBX data, corporate Bitcoin reserves are under pressure from both ongoing ETF fund outflows and continued capital outflows, leaving overall sentiment in crypto-related stocks relatively cautious. The key developments are as follows:

Trump Media & Technology Group, Corp. (NASDAQ: $DJT) transferred 2,650 BTC (about $205 million) to a Crypto.com exchange address on May 22. The company’s official statement said this was a “transfer rather than a sale,” as part of an expanded trading strategy. However, as of the report deadline, the actual disposition method still remains to be confirmed; on-chain data shows that the funds have already arrived at the Crypto.com exchange address.

Previously, the company transferred 2,000 BTC (about $175 million) to Crypto.com roughly four months earlier. Its Q1 2026 financial report (May 9, CoinDesk) shows that as of March 31, the company held 9,542.16 BTC (a book fair value of $647.1 million and a purchase cost of approximately $1.13 billion). After this transfer of 2,650 BTC, Arkham’s on-chain estimate puts the remaining holdings at about 6,889 BTC (about $532 million).

The same Q1 report disclosed that the company recorded a net loss of $405.9 million (compared with a net loss of $31.7 million in the same period last year), with revenue of only $871,200. The company’s original purchase was 11,542 BTC at an average price of approximately $118,522, with a total purchase cost of about $1.37 billion. The current holdings still remain at a significant discount versus the cost basis.

In the same period, the company withdrew ETF applications for Truth Social’s Bitcoin, Ethereum, and Solana.

U.S. spot Bitcoin ETFs recorded more than $2.26 billion in net outflows over the two weeks ending May 23, bringing an end to the prior run of seven consecutive weeks of net inflows. During this period, Bitcoin fell from around $82,500 (the recent high on May 6) to $74,305 (May 23), a drop of approximately 10%, the lowest level since April 20.

BlackRock, Inc. (NYSE: $BLK)’s iShares Bitcoin Trust (NASDAQ: $IBIT) holdings have declined from a peak of about 812,000 BTC to roughly 800,000 BTC. The position still accounts for about 62% of total assets of U.S. spot Bitcoin ETFs. CoinDesk analysts attribute this round of outflows to elevated U.S. Treasury yields (the 10-year yield briefly touched 5.01%) and systematic deleveraging driven by geopolitical pressure, rather than any shift in long-term confidence in Bitcoin’s underlying logic.

BTC-1.81%
IBIT-0.46%
ETH-2.22%
SOL-2.19%
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TransparentGlassFeather
· 11h ago
DJT, this move is pretty interesting; are companies starting to play the swing trading game with their coin hoards?
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DaoBackbencher
· 17h ago
Is this data source BBX the first time I’ve seen it, and is it consistent with Glassnode’s methodology?
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GateUser-9335da8b
· 17h ago
From strategic reserves to tactical rebalancing, the first year of corporate crypto may end earlier than expected.
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GateUser-517aed04
· 17h ago
Short-term sentiment is somewhat bearish, but institutional selling pressure is actually more controllable than retail investors.
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BridgeSideEyes
· 17h ago
Trump's own companies are reducing their holdings; is the faith party doing well?
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BittersweetArb
· 17h ago
Keep an eye on where this fund ultimately goes, whether it's the market maker or directly dumping the market.
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GateUser-c29c3db9
· 17h ago
$200 million can be transferred instantly; is this all the patience traditional listed companies have for crypto?
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MoonlightReef
· 17h ago
ETF outflows + corporate deleveraging, with double selling pressure making it even harder for knockoffs to go down
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