Trump Media sells another 2,628 BTC, holdings fall to 4,261 BTCTrump Media transferred another 2,628 Bitcoin to Crypto.com, bringing its reported sales over seven months to 7,281 BTC and leaving the company with 4,261 BTC in holdings.
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Trump Media & Technology Group, the company behind Truth Social, has sold 2,628 Bitcoin (BTC) worth approximately $165 million through transfers to Crypto.com, according to blockchain analytics firms Lookonchain and Arkham. These recent sales extend a pattern of Bitcoin disposals that began about seven months ago. Before starting these sales, Trump Media reportedly bought 11,542 BTC at an average price of $118,522 per coin.
Over the past seven months, Trump Media has sold a total of 7,281 BTC, estimated to be worth around $545 million based on an average selling price of $74,855 per BTC. Following these sales, the company’s Bitcoin holdings have decreased by about 63%, leaving it with 4,261 BTC valued at roughly $269.8 million at the time of reporting. Arkham's wallet data revealed multiple transfers from Trump Media-linked wallets to Crypto.com, including two recent transactions of 2,429 BTC and 198.9 BTC, as well as earlier transfers totaling 2,650 BTC in May.
These Bitcoin sales occur amid increased scrutiny of Trump-linked crypto ventures by lawmakers, who are debating the Digital Asset Market Clarity (CLARITY) Act. This legislation addresses ethical concerns and potential conflicts of interest involving public officials’ digital asset holdings and transactions. Critics have specifically raised issues related to Trump-associated tokens such as the Official Trump (TRUMP) and Melania (MELANIA) memecoins, as well as other crypto projects tied to Trump affiliates. While the CLARITY Act remains under consideration, it does not currently mandate that companies divest existing crypto holdings.
The coverage highlights the broader context of political and regulatory attention on the intersection of crypto ventures and public officials' ethics, particularly in connection with Donald Trump’s digital asset activities. Cointelegraph emphasizes its commitment to independent and accurate reporting and encourages readers to verify the information independently.