Home Trump Media Sells Additional 2,628 Bitcoin, Reducing Holdings to 4,261 BTC

Trump Media Sells Additional 2,628 Bitcoin, Reducing Holdings to 4,261 BTC

Share
Trump Media Sells Additional 2,628 Bitcoin, Reducing Holdings to 4,261 BTC
News
Share

Trump Media & Technology Group has reportedly sold another 2,628 Bitcoin, continuing a months-long reduction in its cryptocurrency holdings. In the most recent trade, the company is left with about 4,261 BTC, having sold a total of 7,281 Bitcoin within the last seven months.

As per analytics firm Lookonchain, the latest transfer of Bitcoin, worth about $165 million, was made to Crypto.com, a crypto exchange. The analytics firm referred to the blockchain data from Arkham Intelligence for its findings.

Lookonchain reported that Trump Media initially accumulated 11,542 BTC at an average purchase price of approximately $118,522 per Bitcoin before gradually liquidating portions of its holdings. While the company has not publicly explained the reason behind the continued sales, the transactions indicate an ongoing adjustment of its digital asset strategy.

The latest sale comes at a time when cryptocurrency-related businesses associated with President Donald Trump are receiving increased attention from lawmakers and regulators. The negotiations concerning the Digital Asset Market CLARITY Act have taken center stage in Washington with discussions about the regulation of digital assets as well as the need for extra ethics protocols for people and firms that have major stakes in cryptocurrencies.

Trump Media & Technology Group, the holding company behind the Truth Social platform, has also started to take part in the larger conversation about cryptocurrency usage, corporate treasury practices, and politics. Holdings of companies in Bitcoin have become one of the major subjects in financial markets with more public firms considering digital assets in treasury strategies.

While the firm’s Bitcoin reserves are still high, the fact that they are declining shows that there is a change in strategy. Market participants are expected to closely monitor whether additional sales occur in the coming months and how they may affect the company’s overall financial strategy.

 

 

 

 

Stay informed with the latest trends in Web3, blockchain innovation, and cybersecurity updates at 3verseTV

Share

Leave a comment

Leave a Reply

Latest News

Uber’s UK Banking Partner Griffin Raises $20M To Expand Stablecoin Services
News

Uber’s UK Banking Partner Griffin Raises $20M To Expand Stablecoin Services

UK-based digital bank Griffin has raised $20 million in a funding round led by Octagon Partners. The investment values the company at...

Thailand Proposes $148,000 Daily Limit On Stablecoin Deposits & Withdrawals
News

Thailand Proposes $148,000 Daily Limit On Stablecoin Deposits & Withdrawals

Thailand’s SEC has proposed a daily limit of 5 million baht, or around $148,000, for stablecoin deposits and withdrawals. The draft rules...

DOJ Moves To Seize $1.2B From Binance Hack, Disrupts North Korean Deepfake Scheme
News

DOJ Moves To Seize $1.2B From Binance Hack, Disrupts North Korean Deepfake Scheme

The US Department of Justice has obtained court approval to seize or freeze more than $1.2 billion linked to the Binance hack....

Securitize & Ethena Launch $100M Liquidity Facility For BlackRock’s BUIDL Fund
News

Securitize & Ethena Launch $100M Liquidity Facility For BlackRock’s BUIDL Fund

Securitize and Ethena Labs have launched a $100 million liquidity facility for BlackRock’s tokenized BUIDL fund. The facility allows eligible investors to...

Related Articles

Best Crypto Trading Bots In 2026

Running a crypto trading strategy manually can be challenging when markets are...

Reasons Why The U.S. Tops AI Agent Commerce

The concept of agentic commerce where agents can purchase digital services and...

Do You Need A Cryptocurrency Trading Bot?

The crypto market never closes. Bitcoin can move while you are sleeping,...

How To Use Dexscreener To Find Crypto Gems

If you have ever looked at a new crypto token and wondered...