Trump Media Sells Another $165M in BTC Amid Growing Crypto Losses

Trump Media has continued to reduce its Bitcoin exposure after selling another substantial batch of cryptocurrency. According to data shared by Lookonchain, Trump Media sold over $165 million worth of BTC in a recent transaction.

The sale was the second major disposal made by the entity in recent months, following an initial offload of 2,650 BTC for $205 million in May. The latest sale saw 2,628 units transferred to Crypto.com at a price well below the asset's peak value last year.

Since entering the market, Trump Media has sold a total of 7,281 BTC, resulting in an average loss of under $75,000 per unit. The entity initially acquired 11,542 BTC for $1.37 billion at an average price of $118,522.