Trump Media Moves 2,650 BTC as Holdings Keep Falling
Share:
On May 22 Arkham data shows Trump Media moved 2,650 BTC (449.32 BTC and 2,201 BTC) to a Crypto.com-linked address, a transfer worth about 32 billion yen. After the transfer the company’s holdings fell to roughly 6,889 BTC (about 83 billion yen), and combined with ETF withdrawals and a Bitcoin price drop this raises pressure on its crypto-heavy balance sheet and investor confidence.
Predictions Markets
See what traders are focused on
- Trump Media moved 2,650 BTC as total holdings drop below earlier 11,000 BTC peak levels.
- ETF withdrawals and heavy crypto losses raise questions on timing of Trump Media strategy.
- Bitcoin price drop deepens pressure on firm’s crypto-heavy balance sheet and investor confidence.
Trump Media & Technology Group moved 2,650 Bitcoin worth about 32 billion yen to Crypto.com on May 22, according to Arkham blockchain data. The company split the transfer into two parts, sending 449.32 BTC first and 2,201 BTC later. Both transactions moved from Trump Media’s wallet to a Crypto.com-linked address, raising fresh questions about its crypto strategy and timing.
The move adds pressure on the firm’s digital asset holdings as market watchers track its Bitcoin exposure. Arkham data shows Trump Media still holds about 6,889 BTC worth roughly 83 billion yen after the transfer. Ho…
Read The Full Article Trump Media Moves 2,650 BTC as Holdings Keep Falling On Coin Edition.
Read More
Strategy's bitcoin sale may mark start of ether outperformance, StanChart's Kendrick says
