bitcoin
Trump Media-Linked Wallets Send 4,259 BTC to Crypto.com
The movement equals about 30% of the bitcoin treasury disclosed for July 31.
Reported by 2 outlets · thedefiant.io · crypto.news
Arkham labels both sending wallets as convertible-note collateral.... 67 million, to Crypto.com, raising questions about whether the company is preparing to sell part of its cryptocurrency holdings. Blockchain tracker Lookonchain identified the November 5 movement and questioned whether Trump Media was selling Bitcoin.
Arkham data showed two transfers of 2,140.03 BTC and 2,119.31 BTC at about 02:17 UTC from wallets labeled "2028 Convertible Notes Collateral." Both transactions went to the same Crypto.com-linked address, identified by its opening characters as 34jvU. The transfers have not been confirmed as sales, and Trump Media has previously used the exchange to manage its Bitcoin holdings.
Trump Media transferred 4,259 $BTC ($343.67M) to https://t.co/uXlOLXEpBd 40 minutes ago.https://t.co/b8FnEmGpPh pic.twitter.com/A3yEfMmhuf The latest movement involved nearly the same amount of Bitcoin that Trump Media previously disclosed as collateral for its convertible debt. Its second-quarter filing showed that 4,260.73 BTC, valued at about $250.46 million on June 30, had been pledged against convertible notes.
