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.
Story comments
Loading comments…