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Trump Media transfers 4,259 BTC to Crypto.com
Trump Media & Technology Group has moved approximately 4,259 Bitcoin, valued at roughly $344 million, to the cryptocurrency exchange Crypto.com. On-chain data from Arkham Intelligence indicates these funds were held in wallets tagged as collateral for the company’s 2028 convertible notes.
The transfer occurred as the company’s stock price, trading under the ticker DJT, reached a record low following the U.S. midterm elections. While the movement has drawn market scrutiny regarding potential liquidity needs or financial pressure, the company has previously used Crypto.com as a custody partner for its treasury management. Analysts note that such transfers can serve various purposes, including facilitating trading, generating yield, or repositioning assets for liquidity, rather than being an outright sale.
Entities
Amazon · Arkham Intelligence · Bitcoin · Crypto.com · General Catalyst · Google · Microsoft · Trump Media · Trump Media & Technology Group · United States
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] The value of the transferred Bitcoin is approximately $344 million. www.dcforecasts.com · thecoinrise.com · cryptobriefing.com
- [● 2 SOURCES] Crypto.com has previously served as a custody partner for Trump Media’s Bitcoin treasury strategy. www.dcforecasts.com · thecoinrise.com
- [○ 1 SOURCE] Trump Media disclosed that approximately 4,260.73 BTC secured its 2028 convertible notes as of June 30. www.dcforecasts.com
- [● 2 SOURCES] Trump Media & Technology Group shares reached a record low following the U.S. midterm elections. thecoinrise.com · cryptobriefing.com
- [○ 1 SOURCE] The source wallets were labeled as 2028 Convertible Notes Collateral. www.dcforecasts.com
- [● 3 SOURCES] Trump Media & Technology Group transferred approximately 4,259 Bitcoin to Crypto.com. www.dcforecasts.com · thecoinrise.com · cryptobriefing.com