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Crypto

Trump Media Extends $545 Million BTC Sales with Another 2,628-coin Transfer

Guavy AI Editorial Team
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BTC
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Trump Media & Technology Group has continued its strategy of gradually reducing its Bitcoin holdings, transferring an additional 2,628 BTC to Crypto.com. The transfer is valued at approximately $165 million and brings the total amount of BTC sold by Trump Media to 7,281, worth around $545 million.

The average selling rate per BTC is significantly lower than its initial purchasing price, reflecting a drop in Bitcoin prices compared to when it was first bought. Initially, Trump Media purchased 11,542 BTC at an average rate of $118,522 per coin.

The company still retains 4,261 Bitcoin holdings, worth approximately $269.8 million. This reduction suggests an ongoing treasury management strategy rather than a one-time transaction, although the purpose behind these transfers remains unclear.

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