Trump Media moves $344M in Bitcoin to Crypto.com as stock falls to all-time low
Photo: Crypto Briefing
Amid plummeting stock prices, Trump Media's Bitcoin shuffle hints at mounting financial pressures. A wallet linked to Trump Media & Technology Group sent 4,259 Bitcoin worth approximately $344 million to Crypto.com on Wednesday, the same day the company’s shares dropped 24.5% to a record low following the US midterm elections. Meanwhile, the TRUMP meme coin fell 16% over 24 hours to a new all-time low. The transaction was flagged by blockchain analytics firm Lookonchain, although there has been no confirmation that the transfer represents a sale.
Also reported by TheCoinrise.
Source: Crypto Briefing
