Trump Media & Technology Group, the parent of Truth Social, has continued to reduce its reported Bitcoin exposure with another batch of transfers to exchange infrastructure. According to Lookonchain, the company sold 2,628 BTC—valued at roughly $165 million at the time of the transfers—via movements to Crypto.com, based on blockchain data compiled from Arkham.

The latest activity adds to a broader pattern of selling observed over the past seven months, shrinking the company’s reported holdings and feeding into ongoing political scrutiny of Trump-linked crypto projects and the ethics questions surrounding digital asset ownership.

Key takeaways

Trump Media-linked wallets transferred 2,628 BTC (about $165 million) to Crypto.com, according to Lookonchain’s analysis using Arkham data.
Over the past seven months, reported Bitcoin sales total 7,281 BTC (about $545 million), per Lookonchain.
Arkham wallet data shows remaining holdings of 4,261 BTC (worth about $269.8 million at the time of reporting).
Recent transfers include an Arkham-documented transaction for 2,429 BTC and another for 198.9 BTC moving to Crypto.com.
The selling comes amid congressional discussion of the CLARITY Act, which targets ethics and digital asset rules but does not compel companies to liquidate existing holdings.

Another Crypto.com-linked transfer reduces reported BTC

In a Sunday post on X, Lookonchain said Trump Media sold 2,628 BTC through transfers to Crypto.com. The analysis was based on on-chain visibility attributed to Trump Media-linked entities, with Arkham used as the data layer for identifying the wallet activity.

Lookonchain further reported that Trump Media had purchased 11,542 BTC at an average price of $118,522 before starting to sell portions of its holdings about seven months prior to the latest transactions.

How much Bitcoin has been sold—and what remains

Lookonchain’s tally places total reported sales over the same seven-month window at 7,281 BTC, valued around $545 million, with an average selling price of $74,855 per BTC based on its methodology.

Arkham’s wallet figures cited by the analysis indicate that Trump Media’s remaining Bitcoin holdings were 4,261 BTC at the time of publication, worth approximately $269.8 million.

The most recent movements to Crypto.com, according to Arkham wallet data referenced in the report, included two notable transfers: one transaction of 2,429 BTC and another of 198.9 BTC. These transfers follow earlier activity that Lookonchain linked to the same selling program, including two movements recorded on May 22 totaling 2,650 BTC (worth about $205 million at the time).

Why repeated selling matters for investors watching disclosures

For market participants, the practical significance of these transactions is less about the immediate price impact of any single sale and more about consistency, transparency, and how quickly a large holder can reduce exposure. When a corporate-linked balance sheet shows continued liquidation of a major volatile asset like Bitcoin, investors often interpret it as a shift in treasury strategy, liquidity planning, or a risk-management decision.

Just as importantly, the reported activity draws attention to how on-chain transfers by identifiable entities can affect expectations around future flows. If more transfers to exchange-linked addresses continue, traders may look for repeated liquidity events that can complicate execution for both spot and derivatives participants—particularly if the market perceives the sales as part of a longer unwinding rather than one-off diversification.

CLARITY Act debate keeps ethics questions in focus

Beyond the on-chain movements, the latest Bitcoin sales land at a time when lawmakers are weighing the Digital Asset Market Clarity (CLARITY) Act. In the broader debate, attention has turned to ethics provisions, conflicts of interest, and how public officials should handle relationships with digital asset issuers and related ventures.

Critics have pointed to a cluster of Trump-linked crypto interests discussed in policy circles, including the Official Trump (TRUMP) and Melania (MELANIA) memecoins, as well as World Liberty Financial’s WLFI governance token and USD1 stablecoin. The issue raised by opponents is the overlap between political influence and private crypto holdings—particularly where governance or issuance incentives could be perceived as benefiting affiliated interests.

While current CLARITY Act discussions have focused on tightening ethics rules—such as restrictions on officials issuing or sponsoring digital assets—the legislation remains under consideration and, according to the report’s framing, does not require companies to sell existing crypto holdings.

That distinction is likely to matter in how the market interprets these developments. Even if policymakers move toward stricter disclosure or conflict-of-interest standards, treasury actions already in motion—like the sell-through described by Lookonchain and supported by Arkham wallet data—may continue on a timetable driven by corporate liquidity decisions rather than by immediate regulatory requirements.

What to watch next

Readers should watch for whether additional exchange-linked transfers continue from the same Trump Media-linked wallets and whether lawmakers’ CLARITY Act deliberations progress in a way that clarifies disclosure and ethics obligations for officials and affiliated entities. Until then, the main signal remains the on-chain pattern: reported Bitcoin balances appear to be shrinking in measured batches, supported by repeated wallet movements documented through Arkham and aggregated by Lookonchain.