Trump Media sends 2,650 BTC to Crypto.com as Lookonchain estimates $455M BTC loss

Lookonchain says a Trump Media-linked wallet deposited another 2,650 BTC, worth about $205M, into Crypto.com after previously moving out 2,000 BTC worth $175M four months ago. The firm reportedly bought 11,542 BTC for $1.37B at an average cost of $118,522, putting the position roughly $455M underwater. A CEX deposit suggests a possible sale or custody move, but the on-chain transfer alone does not prove the BTC was actually sold.

TLDR by @Benthic

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