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Trump Media Continues Selling Bitcoin, Incurs Fresh Losses

Guavy AI Editorial Team
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BTC
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Trump Media, the company behind Truth Social, has continued its trend of selling Bitcoin. According to data from Lookonchain, Trump Media sold 2,628 units of BTC worth $165 million in a recent transaction.

This sale marks the second substantial disposal of BTC by Trump Media this year and follows a previous sale of 2,650 units for $205 million in May.

The total losses incurred by Trump Media from these sales amount to $555 million. The entity initially acquired 11,542 BTC at an average price of $118,522 last year, but has since sold a total of 7,281 units at an average price of under $75,000.

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