Trump Media Unloads Another $165M Worth of Bitcoin Amid Ongoing Treasury Reduction

Trump Media & Technology Group has continued its strategy of reducing its Bitcoin (BTC) holdings by transferring another 2,628 BTC to Crypto.com. This latest transfer valued at approximately $165 million brings the total amount of sold BTC from Trump Media to 7,281, totaling around $545 million. The average selling rate per BTC is significantly lower than its initial purchasing rate, indicating a drop in Bitcoin prices.

The company initially purchased 11,542 BTC at an average rate of $118,522 per coin and has been gradually decreasing its initial Bitcoin treasury over the past seven months. Despite still holding approximately 4,261 BTC worth around $269.8 million, Trump Media's ongoing treasury management strategy suggests it is not planning to hold onto its remaining Bitcoin reserves indefinitely.

The continued reduction in Trump Media's Bitcoin holdings coincides with growing regulatory attention surrounding digital assets in the United States. Lawmakers are discussing the Digital Asset Market Clarity (CLARITY) Act, which proposes stronger ethics requirements around issuing or sponsoring digital assets but does not require companies to liquidate existing cryptocurrency holdings.