Trump Media sells 2,628 Bitcoin, holdings fall to 4,261 BTC

Trump Media & Technology Group, the parent company of Truth Social, has sold another 2,628 Bitcoin, worth approximately $165 million, according to on-chain data analysis. The sale, executed via transfers to the Crypto.com exchange, continues a seven-month trend of divestment that has significantly reduced the company's cryptocurrency holdings amid substantial losses.

Blockchain analytics platform Lookonchain reported the transaction on August 2, citing data from Arkham. This latest sale brings the company's total reported Bitcoin disposals over the past seven months to 7,281 BTC, valued at roughly $545 million, sold at an average price of about $74,855 per coin. The company originally purchased 11,542 Bitcoin at an average price of approximately $118,522, representing an investment of about $1.37 billion. Following the recent sales, the firm's remaining holdings are estimated at 4,261 BTC, worth about $269.8 million.

The sustained selling has locked in significant losses. Lookonchain estimates the combined realized and unrealized shortfall on the Bitcoin treasury at roughly $555 million. The company's quarterly filings have shown the financial impact, with a $243.96 million...