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

Trump Media & Technology Group sold another 2,628 Bitcoin for ~$165 million, reducing its holdings to 4,261 BTC. The sale is part of a larger trend over seven months and comes as lawmakers debate the CLARITY Act, raising ethics concerns over political figures' crypto ventures. The company also launched a $100,000/month "Truth API" service, which has prompted Senate calls for an SEC investigation.

Bitcoin sales transactions

• ▪The sale of 2,628 BTC was worth approximately $165 million and was transferred to the Crypto.com exchange.
• ▪Over the past seven months, Trump Media has sold a total of 7,281 BTC for about $545 million.
• ▪The transaction data was reported by blockchain analytics platform Lookonchain, citing data from Arkham.
• ▪The recent sale consisted of two separate transfers of 2,429 BTC and 198.9 BTC.
• ▪Trump Media & Technology Group sold 2,628 Bitcoin (BTC).

Trump Media holdings decline

• ▪Trump Media originally purchased 11,542 BTC, and its holdings have now shrunk by 63% from that peak.
• ▪Following the latest sale, Trump Media's remaining holdings fell to 4,261 BTC, worth about $269.8 million.

CLARITY Act ethics scrutiny

• ▪Critics have cited Trump-linked ventures like the TRUMP and MELANIA memecoins in discussions about political influence and crypto interests.
• ▪The CLARITY Act has prompted scrutiny over ethics rules and potential conflicts of interest for public officials regarding digital assets.
• ▪The Bitcoin sales are occurring as U.S. lawmakers debate the Digital Asset Market Clarity (CLARITY) Act.

Truth API launch

• ▪Trump Media recently launched a new paid data service called "Truth API" for its Truth Social platform.
• ▪The Truth API provides a real-time feed of President Trump's posts and reportedly costs up to $100,000 per month.
• ▪The launch of the $100,000 Truth API has triggered calls from the Senate for an SEC probe.

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