Trump Media Transfers $204 Million in Bitcoin to Crypto.com
- Bitcoin addresses tied to Trump Media transferred over $204 million worth of Bitcoin to Crypto.com addresses.
- The transfer involved more than 2,650 BTC, executed via two transactions around Thursday evening.
- Previously, the firm transferred a smaller amount of approximately $245,000 worth of Bitcoin to Crypto.com four months ago.
- Trump Media now holds around $533 million in Bitcoin after this transaction.
- The firm’s shares rose nearly 1% on the day but are down by 70% from their peak over the past year.
This significant movement of Bitcoin by Trump Media & Technology Group highlights its ongoing strategy involving digital assets amid financial challenges, including a reported net loss earlier this year.
Despite recent financial hurdles, Trump Media continues to manage substantial holdings in Bitcoin, with this latest transfer underscoring its active engagement with cryptocurrency assets. Source)
