Lookonchain said Trump Media bought 11,542 BTC at an average price of $118,522 before beginning to sell portions of its holdings seven months ago.<\/p>\n
The Bitcoin sales come as Trump-linked crypto ventures face broader scrutiny, with lawmakers debating the Digital Asset Market Clarity (CLARITY) Act and questions around ethics and digital asset ownership.<\/p>\n
Trump Media\u2019s Bitcoin holdings shrink 63%<\/h2>\n
The latest transfers bring Trump Media\u2019s total reported Bitcoin sales over the past seven months to 7,281 BTC, worth about $545 million, according to Lookonchain\u2019s analysis, which calculated an average selling price of $74,855 per BTC.<\/p>\n
Over the same period, the Nasdaq-traded DJT-ticker shares have lost more than 25% of their value, closing Friday at $9.86 apiece, according to Yahoo Finance data.<\/p>\n
According to Arkham, the company\u2019s remaining Bitcoin holdings stood at 4,261 BTC at publishing time, worth $269.8 million.<\/p>\n
![\"\"](\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-2224.png\")
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Source: <\/em>Arkham<\/em><\/a><\/p>\n Arkham\u2019s wallet data showed two recent transfers from Trump Media-linked wallets to Crypto.com, including one transaction of 2,429 BTC<\/a> and another of 198.9 BTC<\/a>.<\/p>\n The latest transfers follow two earlier Bitcoin movements to Crypto.com recorded on May 22, when Trump Media-linked wallets transferred a combined 2,650 BTC worth about $205 million.<\/p>\n The Bitcoin sales come as lawmakers debate the CLARITY Act, which has drawn scrutiny over ethics rules, digital asset ownership and potential conflicts of interest involving public officials, including concerns raised by critics about US President Donald Trump\u2019s crypto ventures.<\/p>\n Critics have pointed to Trump-linked crypto ventures, including the Official Trump (TRUMP) and Melania (MELANIA) memecoins, as well as World Liberty Financial\u2019s WLFI governance token and USD1 stablecoin, in discussions over the overlap between political influence and private crypto interests.<\/p>\n Related: <\/strong><\/em>Senator Schumer proposes agency to address corruption, including Trump\u2019s crypto ventures<\/strong><\/em><\/a><\/p>\n Recent CLARITY Act discussions have focused on tightening ethics provisions, including rules around officials issuing or sponsoring digital assets<\/a>, but the legislation remains under consideration and does not require companies to sell existing crypto holdings.<\/p>\n The transactions came amid Trump Media launching<\/a> its new paid data service \u201cTruth API,\u201d providing faster access to Truth Social posts from President Trump. The service reportedly costs<\/a> as much as $100,000 per month, giving companies a \u201cdirect, licensed, real-time feed of the platform\u2019s most market-moving Truths.\u201d<\/p>\n Magazine: <\/strong><\/em>Here\u2019s why the CLARITY Act\u2019s ethics deal may be so hard to reach<\/strong><\/em><\/a><\/p>\n Related:<\/strong> Bitcoin price<\/a> \u00b7 BTC live chart<\/a> \u00b7 Ethereum price<\/a> \u00b7 ETH gas fee<\/a> \u00b7 Bitcoin price today<\/a> \u00b7 Top 10 cryptocurrencies<\/a><\/p>\nTrump-linked crypto interests face ethics scrutiny<\/h2>\n