Key points
- Wallets linked to Trump Media & Technology Group (NASDAQ:DJT) transferred 4,259 Bitcoin (BTC) to Crypto.com.
- The transfers involved approximately $342 million to $344 million, based on reported transaction valuations.
- The movement raises questions about Trump Media's Bitcoin holdings, although blockchain transfers do not confirm an outright sale.
Trump Media-linked wallets transferred 4,259 Bitcoin (BTC), worth approximately $343.67 million, to Crypto.com, according to Arkham data.
The transfer represents roughly 30% of Trump Media's Bitcoin treasury disclosed on 31 July.
Blockchain analytics firm Arkham Intelligence linked the sending wallets to Bitcoin held as collateral for Trump Media's convertible notes.
The movement raises questions about the company's remaining Bitcoin reserves and its broader digital asset strategy.
The transfers directed the Bitcoin to Crypto.com's platform, although the transaction data does not establish whether a sale occurred.
The movement follows Trump Media's expansion into digital assets through Bitcoin holdings and cryptocurrency-related partnerships.
The transfer also highlights how corporate Bitcoin holdings can move between wallets and trading platforms without confirming a change in ownership.
Following the announcement, Trump Media shares were down 24.54% at $4.49.
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