Trump Media-linked wallets send another 2,628 Bitcoin to Crypto.com as reported sales reach 7,281 BTC
On-chain data showed two fresh transfers totaling 2,628 BTC to Crypto.com, leaving about 4,261 BTC as lawmakers weigh ethics provisions in the CLARITY Act amid scrutiny of Trump-linked crypto ventures.
Trump Media-linked wallets transferred another 2,628 Bitcoin worth about $165 million to Crypto.com, taking reported sales over the past seven months to 7,281 BTC worth about $545 million, based on Lookonchain's analysis of Arkham data. The firm still held about 4,261 BTC worth $269.8 million at publication, while lawmakers debating the CLARITY Act have faced renewed questions about ethics, digital asset ownership and Trump-linked crypto projects including the Official Trump and Melania memecoins, WLFI governance token and USD1 stablecoin. Trump Media's March 31 filing showed 9,542.16 BTC on hand and 4,260.73 BTC pledged as convertible-note collateral. Analysts estimated the company bought 11,542 BTC at an average $118,522 and sold transferred coins at an average $74,855, though those sale calculations have not been confirmed by the company.
- governance token: A crypto token that can give holders voting power over decisions affecting a project or protocol.
- stablecoin: A digital token designed to keep a relatively steady value, often by being linked to a fiat currency.
- convertible-note collateral: Assets pledged to secure debt that can later be converted into equity under agreed terms.