Trump Media Sells Another $165M in Bitcoin, Booking a Fresh Loss
Share:
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.
Predictions Markets
See what traders are focused on
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.
In This News
Coins
$ 63.32K
+1.44%Predictions Markets
See what traders are focused on
Share:
In This News
Coins
$ 63.32K
+1.44%Predictions Markets
See what traders are focused on
Share:
Read More
Bitcoin Price Rebounds as Trump Calls Off Iran Strikes and Hints at a Deal
