Bitcoin has struggled significantly since the market retraced from the 2025 peak. With the king coin now hovering around $77k, most of the large institutions that accumulated BTC trading above $100k are counting losses.
Amid mounting losses, most of these institutions have been forced to reduce Bitcoin exposure and cut losses.
Trump Media dumps 2650 BTC for $205 million
Trump Media is the latest Bitcoin Treasury company to sell Bitcoin [BTC] due to rising losses. According to Lookonchain, Trump Media offloaded 2,650 BTC worth $205 million.
Trump Media purchased 11,542 BTC worth $1.37 billion at an average cost of $118,522. Four months ago, the team transferred out 2,000 BTC worth $175 million at $87,378.
With BTC trading around $77k, Trump Media’s Bitcoin position is now down by approximately $455 million.
With the firm’s bet on Bitcoin crumbling, the company has sustained massive losses. In Q1, Trump Media reported over $402 million in losses, with $244 million from digital assets, including BTC.
Stretched by crypto losses, the Trump Media and Technology Group Co.’s stock value plummeted 40% YTD. The firm was down 67% the past year, a significant shift, having reported only a $32 million loss in Q1 2025.
Bitcoin institutions’ sentiment weakens
Trump Media joins other institutional investors as the group has significantly increased spending. AMBCrypto earlier reported that Kulr Tech offloaded 300 BTC for $23.3 million amid rising losses.
These are not isolated cases, as U.S. investors have largely stopped buying BTC and have continued to sell, driven by prolonged poor performance.
Looking at the Coinbase Premium Index, this metric validates this observation. As this metric has been largely negative in the past month, it has only flipped positive six days of the last 30 days.
So far in May, the Coinbase Premium Index has printed a positive value only twice, suggesting that most investors are active on the sell side.
Even Strategy signaled a potential shift towards selling BTC, walking away from the long-standing policy of never selling BTC.
Strategy agreed to repurchase $1.5 billion principal of its 2029 convertible notes, telling investors it is likely to fund the repurchase via BTC proceeds.
Why it’s a concern for BTC
This major shift in sentiment reflects current market conditions, in which reduced profit margins and rising losses have pushed firms to the brink.
If these firms continue to offload, it will be a major blow to BTC and, by extension, market stability.
Final Summary
- Trump Media offloaded 2,650 BTC worth $205 million as Bitcoin losses hit approximately $455 million.
- Trump Media and Technology Group’s bet on crypto failed to materialize, with the stock value dropping 40% YTD.
