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Trump Media Sells Another 2628 Bitcoin for $165 Million

Guavy AI Editorial Team
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BTC
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Trump Media & Technology Group (TMTG) continues to sell its Bitcoin assets. According to Lookonchain analysts, TMTG has sold another 2628 BTC worth approximately $165 million.

This sale brings the total amount of Bitcoin sold by TMTG to 7281 BTC, with a realized loss of around $550 million. The company acquired 11,542 BTC at an average price of $118,522, and began selling its assets seven months ago.

The current market value of the remaining 9542 BTC held by TMTG is approximately $603 million, making it one of the top 15 public companies by corporate reserves in Bitcoin. The company's unrealized loss on these assets exceeds $528 million (46.7%).

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