- Trump Media buys BTC worth $294 Million.
- As Saylor and Strategy sell BTC, Trump Media buys.
- These sudden transactions seem to be contributing to market stabilization.
The crypto community continues to watch in disbelief as one of the greatest Bitcoin advocates, Michael Saylor, makes another pressured decision to sell another small part of Strategy’s BTC holdings. In contrast, Trump Media buys BTC worth $294 million as Saylor and Strategy continue to sell Bitcoin. Could Trump Media beat Strategy in the race to hold the most Bitcoin (BTC)?
Trump Media Buys BTC Worth $294 Million
Last month, when the price of BTC first dipped to the $60,000 price range, Strategy’s Michael Saylor went on to make a difficult decision. Once known as one of the greatest Bitcoin advocates, who promises never to sell his BTC holdings, but rather to keep buying even when Bitcoin will be worth $1 million, Saylor broke his word, leading many in the crypto space to see him as a traitor.
In detail, the Bitcoin traitor Saylor went on to sell $216 million in Bitcoin, which amounted to selling 3,588 BTC at an average of $60,000. Many expected this sudden and heavy sell out to become the catalyst to the long-awaited final capitulation event that would push the price of BTC to finally set its bear market bottom, then expected to be around the $40,000 price range. However, it seems the sell off may have contributed to stabilizing the space instead.
🔥 HOT TOPIC: The man who never sells keeps selling@Strategy just dumped another 1,690 bitcoin:native , nearly 7,000 this year, while its cash pile swells to $4.65B. On the other side, CME hedge funds just flipped net long on bitcoin:native for the first time in years 👇… pic.twitter.com/4sUeHgyC4b
— CoinMarketCap (@CoinMarketCap) August 10, 2026
A popular trader and analyst then went on to state that the market is settling down, meaning BTC may not dip as far as the $40,000 price range to set its bear market low. Instead, he went on to call the $54,000 price target to be the new likely bear market bottom range. As we can see from the post above, Strategy just dumped another 1,690 BT, bringing their BTC sell offs to a total of almost 7,000 this year.
Saylor and Strategy Continue to Sell Bitcoin
At the moment, Strategy holds a cash pile of $4,65 billion. Meanwhile, the CME hedge funds flipped net long on BTC for the first time in years. Thus, the analyst’s prediction holds strong, Strategy’s move may have contributed to stabilizing the market, and allowing BTC to flip bullish. As analysts hope to see some bullish momentum on crypto market prices, most investors have begun to heavily accumulate many crypto assets.
As we can see from the post above, Trump Media buys 4,597 Bitcoin for $294 million. Trump Media now holds a total of 14,139 Bitcoin worth $900 million. The entity also bought 4,662 BTC worth $293 million in July. This proves that while Strategy sold at a loss, Trump Media is actually the entity that is bringing stability to the space by immediately buying BTC at what is being recognized as a bullish accumulation phase.
