Company Bought 11,542 Bitcoin At $118,522 Average Price

Trump Media originally purchased 11,542 Bitcoin for approximately $1.37 billion at an average acquisition price of $118,522 per coin. 

With Bitcoin trading around $77,341, the company is now down roughly $455 million on its holdings.

The latest transfer occurred during late U.S. evening hours according to blockchain analytics firm Lookonchain. 

This marks the second major movement, following an earlier transfer four months ago when the company shifted 2,000 Bitcoin valued at roughly $175 million with Bitcoin trading near $87,378.

The move comes just days after Trump Media withdrew its application for a spot Bitcoin exchange-traded…

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