Trump Media & Technology Group (TMTG), the parent company of Truth Social, is selling its Bitcoin holdings again, on-chain data signals. This comes despite President Donald Trump’s pro-crypto policy and White House crypto adviser confirming a US Strategic Bitcoin reserve “breakthrough”.
Trump Media Sold 2,650 Bitcoin: Arkham
Trump Media & Technology Group just sold 2,650 Bitcoin worth $205 million, according to an X post by on-chain analyst Lookonchain on May 22. The company moved BTC to Crypto com crypto exchange.
Notably, blockchain analytics platform Arkham data revealed Trump Media purchased 11,542 BTC worth $1.37 billion at an average cost of $118,522. Four months ago, President Trump’s company transferred out 2,000 Bitcoin worth $175 million at $87,378.
Also, Trump Media & Technology Group now holds 6888.87 BTC worth $535.19 million. The company is sitting on roughly $455 million in unrealized losses on its Bitcoin treasury.
This comes after Trump Media & Technology Group officially abandoned its plans to launch Truth Social crypto ETFs. As CoinGape reported, Truth Social withdrew its Bitcoin ETF, as well as Ethereum and Solana ETFs. The company reported a $406 million net loss in Q1 2026, largely driven by unrealized crypto losses and crypto market crashes.
Moreover, crypto market participants are bracing for volatility as Kevin Warsh takes the helm as Chairman of the US Federal Reserve today. The US Senate confirmed Kevin Warsh’s nomination in a near party-line vote to succeed Jerome Powell as Fed chair.
Bitcoin Slips amid Market Speculations
While Trump Media has not issued an official statement on the latest transfer to Crypto com, deposits to crypto exchanges often fuel market speculation about potential liquidations.
Bitcoin has dropped and currently trades near $77,600. The 24-hour low and high are $76,655 and $78,100, respectively. Furthermore, trading volume has decreased by 7% over the last 24 hours, indicating a decline in interest among traders.
According to Santiment data, 9,664 Bitcoin worth over $744 million have been transferred to crypto exchanges over the last five days. Moreover, billionaire Mark Cuban also revealed he sold most of his BTC. “Bitcoin has lost the plot… I always thought it was a better version of gold than gold,” he said.
Mark Cuban sells most of his Bitcoin, says it “lost the plot” as a hedge during the Iran conflict. pic.twitter.com/aZo2I080zo
— TFTC (@TFTC21) May 21, 2026
CoinGlass data showed continued profit booking in the derivatives market. At the time of writing, the total BTC futures open interest fell 2.30% to $55.56 billion in the last 24 hours. Notably, BTC futures open interest on CME and Binance is again plunging after rising almost 0.40% in the past 4 hours.
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