Trump Media's Bitcoin Losses Under Scrutiny
Trump Media Sells Over 2,600 Bitcoin, Facing Millions in Losses Amid Regulatory Debate
Anonymous
Key Points
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Two of Trump Media's latest transfers to Crypto.com totaled 2,429 BTC and 198.9 BTC (about 2,627.9 BTC), supplementing an earlier May 22 move of 2,650 BTC. In total, disposals over seven months amount to 7,281 BTC, with 4,261 BTC remaining.
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A breakdown of losses shows 7,281 BTC sold for about $545 million, with roughly $318 million realized losses and about $237 million still unrealized on the remaining 4,261 BTC.
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The initial Bitcoin position was built with 11,542 BTC acquired at an average price of about $118,522 per BTC, financed through stock and convertible bond sales, totaling roughly $1.368 billion.
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Regulatory context and broader scrutiny: CLARITY Act debates focus on ethics rules, digital asset ownership, and potential conflicts of interest involving public figures, with critics pointing to Trump-linked crypto ventures such as TRUMP, MELANIA, WLFI, and USD1 as part of the discourse.
Trump Media & Technology Group has sold another 2,628 Bitcoin to Crypto.com, according to CoinTelegraph and on-chain data from Arkham Intelligence. The latest transfers — 2,429 BTC and 198.9 BTC — bring total disposals over seven months to 7,281 BTC, worth roughly $545 million at an average sale price of $74,855 per coin.
The sales deepen what Bitbo calls a $555 million loss on a treasury the company built near all-time highs. Trump Media originally bought 11,542 BTC at an average price of about $118,522 per coin — spending roughly $1.368 billion financed through stock and convertible bond sales.
How Trump Media Built and Burned Its Bitcoin Treasury
Trump Media accumulated 11,542 BTC at an average cost of $118,522 per coin, according to TradingView. The company funded the purchases by selling stock and convertible bonds, putting about $1.368 billion into the position. That price was near Bitcoin's record high, which means every coin sold since has gone out at a steep discount.
After this latest round of sales, 4,261 BTC remain — worth roughly $270 million at current prices. Head Topics reports the company has now sold 7,281 BTC in total. Realized losses on those sales sit at about $318 million. The remaining coins carry an additional $237 million in unrealized losses.
Two Fresh Transfers Move 2,628 BTC to Crypto.com
On-chain trackers Arkham and Lookonchain flagged two separate wallet moves tied to Trump Media. The first transfer sent 2,429 BTC. A second, smaller transfer followed with 198.9 BTC. Both went to Crypto.com, according to CoinTelegraph. Together, the transfers total roughly 2,627.9 BTC, or about $165 million at current prices.
An earlier transfer on May 22 moved 2,650 BTC to Crypto.com, which Bloomingbit valued at about $205 million at the time and called fuel for speculation about a large planned sale. That move, combined with the latest transfers, makes up the bulk of the seven-month total.
Bitcoin Price Faces Resistance Near $65,000
The sales are happening as Bitcoin trades around the $63,000 level. Analysts cited by TradingView point to upper resistance at $65,227. Breaking above that level has proved difficult. Analysts warn that short-term relief rallies are possible, but further downside remains a real risk if Bitcoin cannot clear that ceiling.
Trump Media bought its coins at more than $118,000 each. With Bitcoin now below $65,000, the gap between cost and market price is wide. Each coin sold locks in a loss of roughly $44,000 compared to the original average purchase price.
CLARITY Act Debate Adds Political Heat to the Sales
The sales land as Congress debates the Digital Asset Market Clarity Act, known as the CLARITY Act, according to TradingView. The bill focuses on ethics rules, digital asset ownership, and conflicts of interest for public figures. Critics are using Trump-linked crypto projects — including the TRUMP and MELANIA tokens, the WLFI protocol, and the USD1 stablecoin — as examples of why stricter rules are needed.
The broader scrutiny puts Trump Media's Bitcoin strategy under a political microscope. Bitbo notes the company also launched Truth API during this period — a paid data feed aimed at institutions — signaling it is pushing new revenue lines even as it liquidates its crypto holdings at a loss.
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