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Trump Media moved 2,628 Bitcoin ($165M) to Crypto.com over the weekend, leaving its discretionary BTC position effectively gone
Wallets attributed to the Truth Social parent company transferred 2,628 Bitcoin, valued at approximately $165 million, to Crypto.com in two transactions on Saturday. This leaves roughly 4,261 Bitcoin in the tagged addresses, which is about $268 million and closely matches the 4,260.73 Bitcoin the company previously pledged as collateral for convertible notes as of March 31. The transfers raise questions about whether these were custody moves or sales, with the answer expected in Trump Media's second-quarter 10-Q filing.
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Source：CoinDesk · Source Link
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