Trump Media dumps 2,628 $BTC to Crypto.com, stacking $545M in realized losses 📉

Trump Media & Technology Group transferred 2,628 $BTC, worth roughly $165 million, to Crypto.com on Sunday, extending a multi-month selling streak that has now moved a combined 7,281 $BTC off its books, according to blockchain analytics platform Lookonchain, citing data from Arkham. Lookonchain said the company originally acquired 11,542 $BTC at an average price of $118,522 before beginning to offload portions of its holdings seven months ago, and calculated an average sale price of $74,855 per $BTC across the reported transactions. The firm's remaining balance sat at 4,261 $BTC at publishing time, valued at approximately $269.8 million, a 63% reduction from its peak holdings.

Arkham wallet data showed two recent transfers from Trump Media-linked addresses, including one transaction of 2,429 $BTC and another of 198.9 $BTC. The latest movements follow two earlier transfers to Crypto.com recorded on May 22, when Trump Media-linked wallets sent a combined 2,650 $BTC worth about $205 million. One of the sources covering the transfers noted that sending $BTC to a centralized exchange does not necessarily confirm a sale, as the transaction could relate to custody, liquidity management, or another financial purpose, though cold-wallet-to-exchange transfers are generally treated as sale-oriented by analysts.

One outlet estimated Trump Media's combined realized and unrealized losses on its $BTC position at approximately $555 million. The sales coincide with ongoing legislative debate over 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 raised by critics about US President Donald Trump's crypto ventures. Critics have pointed to Trump-linked projects including the Official Trump (TRUMP) and Melania (MELANIA) memecoins, World Liberty Financial's WLFI governance token, and the USD1 stablecoin in discussions over the overlap between political influence and private crypto interests. The CLARITY Act remains under consideration and does not require companies to divest existing crypto holdings.