Trump Media & Technology Group has moved ahead of Tesla on the corporate Bitcoin treasury leaderboard, holding 12,062 BTC as of August 11, 2026, versus Tesla's 11,509 BTC, according to BitcoinTreasuries.net. The position was built after TMTG said in May 2025 it would raise $2.5 billion through equity and convertible debt (bonds that can turn into shares) to buy Bitcoin, and by July 2025 it had deployed roughly $2 billion into purchases. Research cited in the source said the average acquisition price was about $118,500 per Bitcoin, leaving the company exposed to mark-to-market (current market value accounting) pressure when Bitcoin traded below that level. In 2026, TMTG also transferred 2,650 BTC worth about $205 million to Crypto.com, part of broader on-chain activity (public blockchain wallet movements) that drew market attention, before saying it planned to unwind the partnership as it refocused on core media operations and a potential merger. The shift underscores a more active model of corporate Bitcoin stewardship than Tesla's largely passive handling of its remaining holdings.