Trump Media Sells Another $165M in Bitcoin, Booking a Fresh Loss
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Trump Media, majority-owned by the Donald J. Trump Revocable Trust, sold over $165 million of bitcoin earlier today after spending more than $1 billion near last year's highs to accumulate 11,542 BTC. This large-scale sell-off in the crypto market could weigh on bitcoin prices and appears driven by fundraising or liquidity needs rather than adoption, highlighting potential market impact and risk.
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Data shared by Lookonchain earlier today suggests that Trump Media, the entity behind the Truth Social media platform, majority-owned by the Donald J. Trump Revocable Trust, has sold over $165 million worth of bitcoin.
This was the second substantial sale made by the entity in recent months after it had splashed over $1 billion at prices near the top last year to accumulate 11,542 units.
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En esta nota
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Vea en qué se centran los traders
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