Bill Cypher on Nostr: The art of losing a metric shit ton of money by making a really bad deal. I'm half ...

The art of losing a metric shit ton of money by making a really bad deal.

I'm half expecting to find out the federal government just bought those coins at $200k a piece to finally fund the Bitcoin reserve.

quoting
nevent1q…hnyl

Trump Media transferred 2,650 bitcoin worth $205 million, a move widely interpreted as a sale. The company bought 11,542 BTC at an average cost of $118,522 per coin.

This is the second large transfer in four months after moving 2,000 BTC worth $175 million earlier this year. According to Lookonchain, Trump Media is now sitting on a total unrealized loss of $455 million on its bitcoin holdings.

Interesting timing given that the president signed an executive order establishing a Strategic Bitcoin Reserve in March 2025 and his allies introduced a bill this week to acquire 1 million BTC.