TRUMP MEDIA SELLS ANOTHER $165M IN BITCOIN
Addresses linked to Trump Media transferred 2,628 BTC, worth about $165 million, to Crypto[dot]com.
The company is estimated to have originally acquired 11,542 BTC at an average price of roughly $118,500 per bitcoin.
Related addresses have now transferred out about 7,281 BTC this year and still hold approximately 4,261 BTC, valued at around $268 million.
Based on current estimates, Trump Media’s combined realized and unrealized losses on its bitcoin position total roughly $555 million.
Addresses linked to Trump Media transferred 2,628 BTC, worth about $165 million, to Crypto[dot]com.
The company is estimated to have originally acquired 11,542 BTC at an average price of roughly $118,500 per bitcoin.
Related addresses have now transferred out about 7,281 BTC this year and still hold approximately 4,261 BTC, valued at around $268 million.
Based on current estimates, Trump Media’s combined realized and unrealized losses on its bitcoin position total roughly $555 million.
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