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Trump Media Sells $165M in Bitcoin Amid Scrutiny of Crypto Ventures

Guavy AI Editorial Team
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Trump Media & Technology Group has sold another 2,628 BTC worth about $165 million through transfers to Crypto.com. The company's Bitcoin holdings have been shrinking since it began selling portions of its holdings seven months ago.

The latest sales bring the total reported Bitcoin sales over the past seven months to 7,281 BTC, worth around $545 million. Trump Media bought a total of 11,542 BTC at an average price of $118,522 before starting to sell its holdings.

According to Arkham's wallet data, the company's remaining Bitcoin holdings stood at 4,261 BTC at publishing time, worth $269.8 million. The latest transfers follow two earlier Bitcoin movements to Crypto.com recorded on May 22, when Trump Media-linked wallets transferred a combined 2,650 BTC worth about $205 million.

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