Trump Media & Technology Group, the company behind Truth Social, transferred 2,628 BTC to Crypto.com, bringing cumulative sales to 7,281 BTC over seven months. Its reserves have fallen from 11,542 BTC to 4,261 BTC, a decline of 63 percent. These transfers represent approximately 545 million dollars in value at an average selling price of 74,855 dollars per BTC. The company denied having sold these BTC to The Block, but analysts from Lookonchain and Arkham indicate the assets were transferred to the exchange platform for potential sale. These sales come amid increased regulatory scrutiny of Donald Trump’s crypto activities, particularly in the context of debates around the Digital Asset Market Clarity Act.
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