Trump Media Sells 2,628 BTC to Crypto.com in Latest Bitcoin Liquidation
Trump Media & Technology Group has continued to sell off its Bitcoin holdings, according to on-chain tracking from Lookonchain. The parent company behind Truth Social transferred 2,628 BTC to Crypto.com in a move worth around $165 million.
This latest sale is part of a seven-month pattern of liquidation that has significantly reduced Trump Media's reported BTC balance. Since beginning the selling cycle, the company has reportedly sold a total of 7,281 BTC, valued at approximately $545 million. This represents an average selling price of $74,855 per BTC.
Following the latest transfer, Trump Media's remaining Bitcoin holdings stand at 4,261 BTC, worth around $269.8 million at the time of reporting. This marks a decline of roughly 63% compared to the initial purchase total cited by Lookonchain.