Trump Media & Technology Group, the parent company of Truth Social founded by former U.S. President Donald Trump, has transferred an additional 2,628 Bitcoin (BTC), valued at approximately $165 million, to Crypto.com, continuing a series of Bitcoin sales that has been underway for several months. The latest movement indicates the company remains in the process of reducing its Bitcoin treasury despite still holding a substantial digital asset balance.

According to a post by on-chain analyst EmberCN on X (source), Trump Media initially acquired 11,542 BTC at an average purchase price of $118,522 per coin. Over the past seven months, the company has been steadily drawing down that original position through multiple transfers to a Crypto.com wallet. Crypto.com is one of the world's largest cryptocurrency exchanges, and transfers to exchange wallets are typically associated with intentions to sell or custody assets on the platform. The most recent transfers consisted of 2,429 BTC and approximately 199 BTC.

Cumulative Sales Reach 7,281 BTC

With the latest transactions, Trump Media's total Bitcoin sold now stands at 7,281 BTC, representing approximately $545 million in cumulative sales. The average selling price per BTC across these transactions is approximately $74,855 — notably below the company's initial average acquisition cost. The figures indicate that the realized sale prices reflect a significant decline in Bitcoin's market value relative to the prices at which the company originally purchased.

Following the most recent sale, data from Arkham (Trump Media entity page) shows that the company's remaining treasury holds approximately 4,261 BTC, worth roughly $269.8 million. A prior transfer of 2,650 BTC, valued at $205 million, was made to the same Crypto.com wallet on May 22.

The pattern of sustained reductions points to an ongoing treasury management strategy rather than a one-off transaction, though the company has not publicly disclosed the rationale behind the transfers. This stands in contrast to the approach of other public companies that hold Bitcoin on their balance sheets, such as MicroStrategy, which has consistently pursued an accumulation strategy even through market downturns.

Regulatory Scrutiny Surrounds Trump-Linked Crypto Activity

The Bitcoin sales are taking place amid intensifying political and regulatory focus on digital assets in the United States. Lawmakers continue to debate the Digital Asset Market Clarity (CLARITY) Act, with discussions centered on market structure, regulatory oversight, and strengthened ethics provisions regarding public officials' ties to cryptocurrency businesses and personal digital asset holdings.

Critics have also drawn attention to several Trump-linked cryptocurrency ventures, including the Official Trump (TRUMP) and Melania (MELANIA) memecoins, as well as World Liberty Financial's WLFI governance token and USD1 stablecoin.

While current CLARITY Act discussions include proposals to tighten ethics requirements around the issuance or sponsorship of digital assets, the legislation does not mandate that companies divest existing cryptocurrency holdings.

Market observers are expected to continue tracking Trump Media's remaining Bitcoin reserves for further wallet activity, as additional transfers could shape perceptions of corporate Bitcoin treasury strategies at a time when public companies' digital asset holdings remain under heightened political and regulatory attention.