Trump Media moves $342 million in bitcoin to Crypto.com, blockchain data show
Source: CoinDesk ·
From the source
A wallet supposedly linked to Trump Media has made a large BTC transfer to Crypto.com, data tracked by Arkham show. A wallet supposedly linked to Trump Media & Technology Group, the parent company of Truth Social, have transferred a large amount of bitcoin BTC $80,376.35 to Crypto.com. The move has once again raised questions about whether the company is reducing its crypto treasury. Trump Media sent 4,259 BTC, worth roughly $434 million, to Crypto.com in two batches of 2,140 BTC and 2,119 BTC at 02:17 UTC, according to source Arkham. The coins moved from addresses labeled “2028 Convertible Notes Collateral” to an address labeled “34jvU…,” reportedly owned by Crypto.com, in two nearly equal-sized transactions. The first transaction sent 2,140.03 BTC, while the second sent 2,119.31 BTC to the same destination. Trump Media’s second-quarter filing said 4,260.73 BTC was being used as collateral for its convertible notes as of June 30, with withdrawals or distributions of those coins…
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