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Trump Media Unloads 2,628 BTC Worth $165 Million Amid Market Volatility

Guavy AI Editorial Team
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Trump Media and Technology Group, parent company of Truth Social, has reportedly sold 2,628 BTC worth approximately $165 million, according to blockchain analytics firm Lookonchain.

The sale marks a significant shift in the company's digital asset strategy, which previously involved accumulating large amounts of Bitcoin.

Lookonchain data indicates that Trump Media initially acquired 11,542 BTC at an average price of $118,522 per coin.

The company began selling seven months ago, unloading a total of 7,281 BTC at an average price of $74,855.

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