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Trump Media Books Fresh Loss with $165M Bitcoin Sale

Guavy AI Editorial Team
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Trump Media has sold another $165 million worth of Bitcoin (BTC) as part of its ongoing efforts to reduce its BTC exposure.

The entity, which is majority-owned by the Donald J. Trump Revocable Trust, first acquired 11,542 BTC at an average price of $118,522 last year when prices were near their peak.

Since then, it has sold a total of 7,281 BTC, resulting in losses of $555 million for the entity.

This latest sale of 2,628 BTC is the second substantial disposal made by Trump Media this year, following another significant offload of 2,650 BTC in May worth $205 million.

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