ChainCatcher report, according to BBX data, corporate Bitcoin reserves are under pressure amid sustained outflows from Bitcoin ETFs, creating a cautious sentiment across crypto-related stocks. Key developments include: Trump Media & Technology Group, Corp. (NASDAQ: $DJT) transferred 2,650 BTC (approximately $205 million) to a Crypto.com exchange address on May 22. The company stated this was a "transfer, not a sale," part of an expanded trading strategy; however, the actual disposition of these funds remains unconfirmed as of this report. On-chain data confirms the funds have reached the Crypto.com exchange address. Previously, approximately four months ago, the company transferred 2,000 BTC (about $175 million) to Crypto.com. The Q1 2026 financial report (released May 9 by CoinDesk) showed that as of March 31, the company held 9,542.16 BTC (book fair value of $6.471 billion, acquisition cost of approximately $1.13 billion). After this latest transfer of 2,650 BTC, Arkham on-chain estimates remaining holdings at approximately 6,889 BTC (about $532 million). The same Q1 report disclosed a net loss of $405.9 million (compared to a loss of $31.7 million in the same period last year) and revenue of only $871,200. The company originally purchased 11,542 BTC at an average price of approximately $118,522, for a total acquisition cost of about $1.37 billion; current holdings remain significantly below cost basis. During the same period, the company withdrew its applications for Bitcoin, Ethereum, and Solana ETFs for Truth Social. U.S. spot Bitcoin ETFs recorded net outflows exceeding $2.26 billion over the two weeks ending May 23, ending a seven-week streak of net inflows. During this period, Bitcoin price declined from a recent high of approximately $82,500 (May 6) to $74,305 (May 23), a drop of about 10%, marking its lowest level since April 20. BlackRock, Inc. (NYSE: $BLK)'s iShares Bitcoin Trust (NASDAQ: $IBIT) holdings have decreased from a peak of approximately 812,000 BTC to around 800,000 BTC, still accounting for roughly 62% of total U.S. spot Bitcoin ETF assets. CoinDesk analysts attribute this outflow to systemic deleveraging driven by elevated U.S. Treasury yields (the 10-year yield briefly touched 5.01%) and geopolitical pressures—not a loss of confidence in Bitcoin’s long-term fundamentals.
Trump Media transfers 2,650 BTC to Crypto.com; Q1 losses reach $405.9M
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Summary
On May 22, 2026, Trump Media & Technology Group (NASDAQ: DJT) transferred 2,650 BTC (approximately $205 million) to Crypto.com as part of a broader trading strategy, following a prior transfer of 2,000 BTC to the same exchange four months earlier. Q1 2026 losses amounted to $405.9 million, with revenue at $871,200. BTC price volatility may impact altcoins to watch, as the company’s current BTC holdings stand at 6,889 BTC, valued at approximately $532 million. U.S. Bitcoin spot ETFs experienced $2.26 billion in outflows over a two-week period.
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