Trump Media & Technology Group has transferred 2,650 BTC, valued at approximately $205 million, to Crypto.com. This move comes as the company faces scrutiny over its substantial Bitcoin holdings, which were acquired at an average price of $118,522 per Bitcoin. With Bitcoin currently trading around $77,000, Trump Media's unrealized losses on its 11,542 BTC position have ballooned to about $455 million. The transfer follows Trump Media's withdrawal of its spot Bitcoin ETF application, raising further questions about its cryptocurrency strategy. The company reported a significant first-quarter net loss of $405.9 million, with crypto-related losses contributing heavily. Despite the transfer, Trump Media continues to hold a large Bitcoin position, valued at approximately $533 million, subject to market fluctuations.