Trump Media's Bitcoin Transfer: 2,650 BTC Sent to Crypto.com
— CryptoSlate
Trump Media's transfer to Crypto.com raises questions about sales signals and changes in the company's Bitcoin position.
Trump Media's Bitcoin treasury faces pressure after 2,650 BTC transfer to Crypto.com.
- According to Arkham and Lookonchain, Trump Media transferred 2,650 BTC from a corporate wallet to the centralized exchange Crypto.com.
- The transfer details show two deposits of 449.32 BTC and 2,201 BTC, indicating potential changes in the company's Bitcoin position.
- Trump Media's March 31, 2025 filing reported 9,542.16 BTC at a cost basis of $1.131 billion and a fair value of $647.1 million.
BTC transfers from corporate wallets to centralized exchanges can signal potential sales, impacting market perception.