“The company behind Donald Trump’s social network Truth Social has lost more than $400m (£305m) on its stash of Bitcoin as the price of the cryptocurrency plunges in a trillion dollar market sell-off.
Trump Media & Technology Group held more than 11,542 Bitcoin at the end of September, according to its latest financial statement.
These crypto tokens were worth nearly $1.37bn when the business bought them over the summer. Now, their value has plunged to just over $950m, representing a fall of more than 30pc.
The price of Bitcoin has collapsed in recent days, falling as low as $82,070 on Friday, a drop of more than 5pc over the last day. It is down more than a third from all-time highs reached in October, when the digital currencies peaked at more than $125,000.”
https://www.telegraph.co.uk/business/2025/11/21/trumps-tech-company-loses-400m-as-bitcoin-plunges/
That $400m hole jumps out because nobody pretends that kind of money just evaporates without something else going wrong. You see a number that size and you can tell there’s a mess behind it that people don’t want to touch.
“Bitcoin is on track for its worst monthly performance since a string of corporate collapses rocked the wider crypto sector in 2022.
The largest cryptocurrency slid as much as 7.6% to $80,553, before paring losses on Friday. Runner-up Ether fell as much as 8.9% to below $2,700 and a host of smaller tokens nursed similar declines. The total market value of virtual coins dropped below $3 trillion for the first time since April, data from CoinGecko show.”
https://finance.yahoo.com/news/bitcoin-heading-worst-month-since-075033170.html
That drop to $80,553 hits because numbers like that make traders sit up a little even when they pretend they don’t care. A slide that big usually means something ugly is waiting behind it and nobody wants to say it first.