Trump Media sells Bitcoin again. On-chain data signals that the parent company of Truth Social just moved 2,650 BTC worth $205 million to Crypto.com .
This sale comes despite President Trump’s pro‑crypto policy. It also follows a White House crypto adviser confirming a “breakthrough” for the US Strategic Bitcoin reserve.
Trump Media sells Bitcoin: on-chain details
According to Lookonchain, Trump Media & Technology Group transferred the BTC on May 22. Blockchain analytics platform Arkham revealed that the company originally purchased 11,542 BTC worth $1.37 billion. The average cost was $118,522 per coin.
Four months ago, the company transferred out 2,000 Bitcoin worth $175 million at $87,378. Now, after this latest sale, Trump Media holds 6,888.87 BTC worth about $535 million. As a result, the company sits on roughly $455 million in unrealized losses on its Bitcoin treasury.
Why Trump Media sells Bitcoin again
This move follows the company’s decision to abandon its plans for Truth Social crypto ETFs. It withdrew applications for Bitcoin, Ethereum, and Solana ETFs. In Q1 2026, Trump Media reported a $406 million net loss, largely driven by unrealized crypto losses and market crashes.
Meanwhile, Kevin Warsh takes the helm as Chairman of the US Federal Reserve today. The Senate confirmed his nomination to succeed Jerome Powell.
Bitcoin slips amid market speculation
Trump Media has not issued an official statement on the latest transfer. However, deposits to crypto exchanges often fuel speculation about potential liquidations.
Bitcoin dropped and currently trades near $77,600. The 24‑hour low and high are $76,655 and $78,100. Trading volume decreased by 7% over the last 24 hours, indicating declining interest.
According to Santiment, 9,664 Bitcoin worth over $744 million moved to crypto exchanges over the last five days. Furthermore, billionaire Mark Cuban revealed he sold most of his BTC. “Bitcoin has lost the plot… I always thought it was a better version of gold than gold,” he said.
CoinGlass data shows continued profit booking. Total BTC futures open interest fell 2.30% to $55.56 billion in the last 24 hours. CME and Binance OI are plunging again after a brief rise.
