Trump Media has continued unwinding its Bitcoin treasury, transferring another 2,628 BTC, worth roughly $165 million, to Crypto.com. The move brings the company's total Bitcoin sales over the past seven months to 7,281 BTC, worth an estimated $545 million, and leaves it holding just 4,261 BTC, a 63% reduction from where its position stood at the start of the selling spree.
According to blockchain data from Arkham, the latest transfer to Crypto.com was split across two transactions of 2,429 BTC and 198.9 BTC. It follows a similar transfer on May 22, when the company moved 2,650 BTC valued at roughly $205 million to the same exchange.
A Costly Retreat From an Expensive Entry
The numbers underscore how much value has been given up in the drawdown. Trump Media originally acquired 11,542 BTC at an average purchase price of $118,522 per coin. The seven months of subsequent sales have gone out at an average price of just $74,855 per BTC, a gap that points to substantial realized losses on the portion of the position the company has liquidated so far.
What remains, 4,261 BTC, is currently worth about $269.8 million. That's a fraction of what the original 11,542 BTC stake would represent at today's prices, let alone at the company's original cost basis.
Selling Against a Regulatory Backdrop
The steady drawdown is unfolding as lawmakers continue debating the CLARITY Act, legislation that touches on ethics provisions and potential conflicts of interest tied to digital asset holdings by public officials. Trump-linked crypto ventures have faced recurring scrutiny over exactly this kind of overlap between political influence and crypto asset ownership, and the timing of the sales adds another data point to that ongoing debate.
What It Means Going Forward
With holdings now down nearly two-thirds from their peak and sales continuing on a regular cadence toward Crypto.com, the pace of Trump Media's Bitcoin exits suggests the company isn't finished trimming its treasury. Whether the remaining 4,261 BTC represents a floor or simply the next tranche to be sold is something the market will likely find out only as future transfers show up on-chain.
