Trump Media & Technology Group, the parent company behind the Truth Social platform, has continued trimming its Bitcoin exposure, according to on-chain tracking shared by Lookonchain. The latest activity adds to a months-long pattern of sales that have significantly reduced the company’s reported BTC balance.
In transfers identified by Lookonchain using Arkham data, Trump Media-linked wallets sent 2,628 BTC to Crypto.com. The move is reported to be worth roughly $165 million, extending a selling cycle that began about seven months ago.
Key takeaways
- Trump Media-linked wallets reportedly transferred 2,628 BTC (about $165M) to Crypto.com, per Lookonchain’s analysis of Arkham data.
- Lookonchain estimates Trump Media has sold a total of 7,281 BTC over the past seven months, worth roughly $545M.
- Arkham wallet data cited by Lookonchain shows remaining holdings of 4,261 BTC, worth about $269.8M at the time of reporting.
- Current scrutiny is taking place alongside broader legislative debate over the CLARITY Act, which has drawn attention for its ethics provisions around digital asset activity.
New Crypto.com transfers cut into remaining Bitcoin
Lookonchain reported that Trump Media has executed another batch of Bitcoin sales via transfers to Crypto.com. The analysis attributes the transactions to Trump Media-linked wallets and cites Arkham’s wallet and transaction information.
In this most recent set of moves, Arkham data referenced by Lookonchain points to two transfers: one for 2,429 BTC and another for 198.9 BTC.
Taken together, Lookonchain said these transfers total 2,628 BTC, valued at about $165 million based on the prevailing price assumptions used in its reporting. This latest reduction follows earlier transfers to Crypto.com reported on May 22, when the company-linked wallets moved a combined 2,650 BTC, worth roughly $205 million.
Seven-month selling spree shrinks reported holdings
Lookonchain frames the most recent transfer as the continuation of a broader liquidation strategy. The tracker said Trump Media purchased 11,542 BTC at an average price of $118,522 before beginning to sell portions of its holdings around seven months ago.
Based on the same dataset, Lookonchain estimates cumulative sales of 7,281 BTC over that period, worth approximately $545 million. The analysis also calculates an average selling price of $74,855 per BTC for those transactions.
After the latest outflows, Arkham data referenced in the report indicates Trump Media’s remaining Bitcoin holdings stand at 4,261 BTC, valued at about $269.8 million at the time of publication. That implies the company’s reported BTC balance has fallen by roughly 63% compared with the initial purchase total cited by Lookonchain.
Why the timing matters amid ethics and ownership debates
Beyond the on-chain mechanics, the sales arrive as lawmakers debate the Digital Asset Market Clarity (CLARITY) Act, a proposal that has attracted scrutiny for its approach to ethics rules and the question of whether officials’ digital asset activity could create conflicts of interest.
Critics have pointed to a range of Trump-linked crypto initiatives discussed in the broader public policy debate, including memecoins such as Official Trump (TRUMP) and Melania (MELANIA), as well as World Liberty Financial’s governance token WLFI and a USD1 stablecoin. The controversy centers on the overlap between political influence and private crypto holdings or products.
Recent CLARITY Act discussions, as described in coverage referenced by Cointelegraph, have focused on tightening ethics provisions—particularly rules governing when officials could issue or sponsor digital assets. However, as the source notes, the legislation remains under consideration and does not mandate that companies sell existing holdings.
That distinction is important for investors and compliance watchers: even if a law ultimately changes future behavior for officials or connected entities, it may not retroactively affect the ability of companies to keep, liquidate, or otherwise manage already-held crypto.
What to watch next for Trump Media-linked wallets
For market participants, the key signal in this story is not simply that Bitcoin is being sold, but how steadily it is being done and through which counterparties—here, Crypto.com—based on wallet and transaction clustering reported through Arkham data by Lookonchain.
Readers should watch for whether additional transfers continue to appear from the same Trump Media-linked wallet set, and whether the remaining 4,261 BTC balance changes further. At the same time, political and regulatory attention around the CLARITY Act suggests that disclosure, governance, and ethics standards for digital asset participation may remain a live topic even if near-term changes do not compel immediate sales.
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