Trump Media transferred another 2,628 BTC to Crypto.com, a move worth about $165 million. The sale brings the company's total Bitcoin sales over the past seven months to 7,281 BTC, cutting its remaining holdings to 4,261 BTC. The move comes as lawmakers debate ethics provisions in the CLARITY Act tied to Trump's crypto interests.
Trump Media & Technology Group transferred another 2,628 Bitcoin (BTC) to Crypto.com on Sunday, a move worth about $165 million, according to blockchain analytics platform Lookonchain, which cited data from Arkham. The transfer brings the company's reported Bitcoin sales over the past seven months to 7,281 BTC, worth about $545 million. That leaves Trump Media with 4,261 BTC in remaining holdings.
Arkham's wallet data traced the move to two on-chain transfers from Trump Media-linked wallets to Crypto.com. The first moved 2,429 BTC. The second sent 198.9 BTC. Similar transfers preceded this one: on May 22, the company sent a combined 2,650 BTC worth about $205 million to the same exchange.
Holdings shrink 63% from original purchase
Lookonchain's analysis put Trump Media's average selling price at $74,855 per BTC. That compares with the $118,522 average price the company paid when it began buying Bitcoin. The company had accumulated 11,542 BTC before it started selling seven months ago. Arkham valued the remaining holdings at 4,261 BTC, worth $269.8 million, at publishing time. That marks a 63% decline from the company's original Bitcoin purchase.
Bitcoin sales coincide with CLARITY Act scrutiny
The sales come as lawmakers debate the Digital Asset Market Clarity (CLARITY) Act, which has drawn scrutiny over ethics rules, digital asset ownership and potential conflicts of interest involving public officials, including concerns critics have raised about President Donald Trump's crypto ventures. Critics have pointed to Trump-linked ventures — including the Official Trump (TRUMP) and Melania (MELANIA) memecoins, along with World Liberty Financial's WLFI governance token and USD1 stablecoin — in discussions over the overlap between political influence and private crypto interests.
Recent CLARITY Act discussions have focused on tightening ethics provisions, including rules around officials issuing or sponsoring digital assets. However, the legislation remains under consideration and does not require companies to sell existing crypto holdings.
Source: Cointelegraph.com News
Trading involves risk.
Risk Disclaimer
