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

Trump Media & Technology Group, the company behind Truth Social, has made another major move involving its Bitcoin holdings, extending a series of recent sales.The company sold 2,628 Bitcoin (BTC) worth about $165 million through transfers to Crypto.com, blockchain analytics platform Lookonchain said in a Sunday X post, citing data from Arkham.Lookonchain said Trump Media bought 11,542 BTC at an average price of $118,522 before beginning to sell portions of its holdings seven months ago.The Bitcoin sales come as Trump-linked crypto ventures face broader scrutiny, with lawmakers debating the Digital Asset Market Clarity (CLARITY) Act and questions around ethics and digital asset ownership.Trump Media’s Bitcoin holdings shrink 63%The latest transfers bring Trump Media’s total reported Bitcoin sales over the past seven months to 7,281 BTC, worth about $545 million, according to Lookonchain’s analysis, which calculated an average selling price of $74,855 per BTC.According to Arkham, the company’s remaining Bitcoin holdings stood at 4,261 BTC at publishing time, worth $269.8 million.Source: ArkhamArkham’s wallet data showed two recent transfers from Trump Media-linked wallets to Cry...