Trump Media Is Selling Massive Bitcoin Holdings: Arkham
Trump Media Moves Bitcoin to Crypto com. 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 Warshs 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, b Mark Cuban sells most of his Bitcoin, says it “lost the