Trump Media Sells Another 2,628 Bitcoin as Company Remains Underwater

Trump Media has continued to sell its Bitcoin holdings, reportedly disposing of another 2,628 BTC worth approximately $165.07 million. This sale brings the company's total reported Bitcoin sales over the past seven months to 7,281 BTC, which were allegedly sold for around $545 million at an average price of $74,855 per coin.

The initial acquisition of 11,542 BTC by Trump Media was valued at approximately $1.37 billion, with an average purchase price of $118,522. Despite the recent sales, the company's remaining Bitcoin position still shows an unrealized loss of about $555 million.

Traders are keeping a close eye on these developments as they may influence broader market sentiment, especially since Bitcoin continues to trade below key technical resistance levels.