Bitcoin has struggled significantly since the market retreated from its 2025 peak. With the king coin hovering around $77,000, most major institutions that have built BTC trading above $100,000 are counting losses.
Amid mounting losses, most of these institutions have been forced to reduce exposure to Bitcoin and pare losses.
Trump Media dumps 2650 BTC for $205 million
Trump Media is the latest Bitcoin Treasury company to sell Bitcoin [BTC] as a result of increasing losses. According to Look at chainTrump Media sold 2,650 BTC worth $205 million.
Trump Media bought 11,542 BTC worth $1.37 billion at an average cost of $118,522. Four months ago, the team transferred 2,000 BTC worth $175 million for $87,378.
With BTC trading around $77,000, Trump Media’s Bitcoin position is now down around $455 million.
With the company’s bet on Bitcoin crumbling, the company has suffered massive losses. In the first quarter, Trump Media reported more than $402 million in losses, $244 million of which came from digital assets including BTC.
Under pressure from crypto losses, Trump Media and Technology Group Co.’s stock value plummeted. by 40% YTD. The company fell 67% last year, a significant shift, after reporting just a $32 million loss in the first quarter of 2025.
Bitcoin Institutions’ Sentiment Weakens
Trump Media joins other institutional investors as the group has significantly increased spending. AMBCrypto previously reported that Kulr Tech sold 300 BTC for $23.3 million amid mounting losses.
These are not isolated cases, as US investors have largely stopped buying BTC and continued to sell, driven by prolonged poor performance.
Looking at the Coinbase Premium Index, this metric validates this observation. Because this statistic has been largely negative over the past month, only six positive days have turned out to be positive out of the past thirty days.
So far in May, the Coinbase Premium Index has only printed positive values twice, indicating that most investors are active on the sell side.
Even Strategy flagged a possible shift towards selling BTC, moving away from the long-standing policy of never selling BTC.
Strategy agreed to buy back $1.5 billion of convertible notes due 2029, telling investors it is likely they will finance the buyback with BTC proceeds.
Why it’s a concern for BTC
This major shift in sentiment reflects current market conditions, where lower profit margins and mounting losses have pushed companies toward the brink.
If these companies continue to offload, it will be a major blow to BTC and, by extension, to market stability.
Final summary
- Trump Media sold 2,650 BTC worth $205 million, while Bitcoin losses were approximately $455 million.
- Trump Media and Technology Group’s bet on crypto failed to materialize, with its stock value down 40% YTD.