Trump Media & Technology Group Corp, backed by President Donald Trump, has incurred a $416 million loss on its Bitcoin holdings, according to on-chain data from Arkham Intelligence. The company's Bitcoin portfolio turned negative following the October 2025 crypto crash, with its holdings now valued at approximately $694 million. Trump Media initially purchased $1.37 billion worth of Bitcoin in September 2025. Despite the downturn, Trump Media has maintained its Bitcoin position, holding 9,539 BTC after pledging 2,000 BTC as collateral. The company's market cap has dropped by 52% over the past year, reflecting its strong correlation with Bitcoin's performance. President Trump remains committed to Bitcoin's long-term potential, even as other Digital Assets Treasuries have liquidated their holdings to mitigate losses.