Trump Media Shifts $344M in Bitcoin to Crypto.com as Stock Slides After Midterms
Photo: TheCoinrise
The media company tied to President Trump moved 4,259 BTC as its shares touched a post-election low. Trump Media & Technology Group, the parent company of Truth Social, moved a significant portion of its Bitcoin holdings this week. Blockchain tracking identified a transfer of 4,259 BTC, valued at approximately $344 million, sent to the exchange Crypto.com. The transaction was reported by CryptoBriefing and crypto.news, both of which flagged the timing as notable. The transfer occurred as Trump Media's stock, which trades under the ticker DJT, fell to its lowest level since the US midterm elections.
Source: TheCoinrise
