🚨 Trump Media has moved 4,259 BTC — worth roughly $342 million — to Crypto.com, according to Arkham blockchain data.
The coins came from wallets labelled as collateral for the company's convertible notes, in two transfers of 2,140 BTC and 2,119 BTC. The move equals about 30% of the ~14,139 BTC Trump Media said it held as of July 31.
The timing matters: noteholders can demand cash repayment on November 30 — potentially up to $1 billion if all exercise that right. A sale has NOT been confirmed — Trump Media has previously described similar moves as custody or trading management.
#Bitcoin #BTC #TrumpMedia #CryptoCom #Crypto #CryptoNews #BitcoinNews #Zimbuck
The coins came from wallets labelled as collateral for the company's convertible notes, in two transfers of 2,140 BTC and 2,119 BTC. The move equals about 30% of the ~14,139 BTC Trump Media said it held as of July 31.
The timing matters: noteholders can demand cash repayment on November 30 — potentially up to $1 billion if all exercise that right. A sale has NOT been confirmed — Trump Media has previously described similar moves as custody or trading management.
#Bitcoin #BTC #TrumpMedia #CryptoCom #Crypto #CryptoNews #BitcoinNews #Zimbuck
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