Bitcoin News
By James Thorp
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Two Transfers, One Big Move. Arkham's wallet data broke the latest sale into two pieces.
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CLARITY Act Looms Over Trump Crypto Deals. The sales are happening while Washington is still wrestling with the Digital Asset Market Clarity…
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Truth API Launches Alongside the Selloff. Even as the Bitcoin reserves shrink, Trump Media is pushing out new products.
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Trump Media & Technology Group just moved another 2,628 Bitcoin to Crypto.com. That's roughly $165 million gone from the balance sheet in a single transfer, per blockchain…
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The company behind Truth Social originally picked up 11,542 BTC at an average cost of $118,522 per coin. So the math here is brutal.
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What's left: 4,261 BTC, valued at approximately $269.8 million as of the time of reporting.
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Arkham's wallet data broke the latest sale into two pieces. One transaction sent 2,429 BTC to Crypto.com. A second, smaller transfer moved 198.9 BTC to the same destination.
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The pace of selling is pretty striking. Seven months, more than 7,000 Bitcoin offloaded. That's basically two-thirds of the original stash gone.
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DJT shares on Nasdaq closed at $9.86 last Friday, down over 25% recently. That kind of drop puts pressure on everything — management decisions, investor confidence, the works.
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The sales are happening while Washington is still wrestling with the Digital Asset Market Clarity Act — the CLARITY Act — which is under scrutiny for what it might mean for…
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Read also: Protect Progress Doubles Spend to $2M Backing Thanedar in Michigans 13th District
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Here's the thing though: the CLARITY Act, as it stands, doesn't actually require companies to dump their existing crypto holdings. It doesn't mandate divestiture.
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Still, the political noise around Trump-linked crypto is loud. Critics have raised conflict-of-interest concerns about several ventures — the Official Trump memecoin, the Melania…
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None of that directly explains why Trump Media is trimming its Bitcoin position. But it's probably the backdrop everyone's watching.
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Even as the Bitcoin reserves shrink, Trump Media is pushing out new products. The company launched something called "Truth API" — a service that gives paying customers premium…
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