Trump Media continues to cut its Bitcoin holdings. About 9 hours ago, Trump Media sold another 2,628 $BTC , worth approximately $165.07M. The company originally accumulated 11,542 #BTC for roughly $1.37B, with an average purchase price of $118,522 per BTC. It began reducing its position seven months ago and has since sold a total of 7,281 BTC for around $545M, at an average selling price of $74,855. Despite the recent sales, Trump Media still holds 4,261 BTC, currently worth about $270M at today's market price. Based on its average cost and sales to date, the remaining position is sitting on a combined unrealised and realised loss of approximately $555M.
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