Trump Media transferred 2,628 BTC to Crypto.com, reducing its holdings to approximately 4,261 BTC

Trump Media & Technology Group has transferred 2,628 Bitcoin worth $165 million to Crypto.com, bringing its total sales over seven months to 7,281 Bitcoin. Having acquired its original treasury of 11,542 Bitcoin at a peak average price of $118,522, the company has locked in massive losses, with combined realized and paper shortfalls reaching $555 million. The liquidations leave Trump Media with 4,261 Bitcoin as lawmakers debate the CLARITY Act amid rising scrutiny over Donald Trump's crypto ventures.

Trump Media Bitcoin sales

• ▪Trump Media & Technology Group has sold a total of 7,281 Bitcoin over the past seven months for approximately $545 million.
• ▪Trump Media & Technology Group sold 2,628 Bitcoin worth approximately $165 million through transfers to Crypto.com.

Remaining Bitcoin holdings

• ▪Trump Media & Technology Group has 4,260.73 Bitcoin pledged against convertible notes, with restrictions lifting no later than May 29, 2028.
• ▪Trump Media & Technology Group's remaining Bitcoin holdings stood at 4,261 Bitcoin, valued at approximately $269.8 million.

Unrealized losses from purchases

• ▪Trump Media & Technology Group initially acquired 11,542 Bitcoin for approximately $1.37 billion at an average price of roughly $118,522 per coin.
• ▪Trump Media & Technology Group has incurred an estimated combined realized and unrealized loss of approximately $555 million on its Bitcoin holdings.

On-chain transfer tracking

• ▪Trump Media-linked wallets previously transferred 2,650 Bitcoin worth about $205 million to Crypto.com on May 22.
• ▪Arkham wallet data tracked the recent transfers to Crypto.com as two separate transactions of 2,429 Bitcoin and 198.9 Bitcoin.

CLARITY Act ethics debate

• ▪The proposed Digital Asset Market Clarity Act does not compel companies to liquidate their existing digital asset holdings.
• ▪United States lawmakers are debating the Digital Asset Market Clarity Act, which focuses on tightening ethics rules and conflicts of interest for public officials.

Corporate treasury liquidation signals

• ▪Large-scale corporate and institutional Bitcoin transactions can increase market uncertainty and complicate execution for spot and derivatives participants.
• ▪Corporate treasury liquidations of volatile assets like Bitcoin are often interpreted by investors as shifts in liquidity planning or risk-management strategy.