Trump Media-linked wallets transfer 4,259 Bitcoin to Crypto.com
Wallets associated with Trump Media transferred 4,259 Bitcoin, worth roughly $343 million, to exchange Crypto.com across two transactions, raising questions over potential selling versus custody management ahead of a debt deadline.
Wallets linked to Trump Media transferred 4,259 Bitcoin worth roughly $343 million to cryptocurrency exchange Crypto.com, according to on-chain tracking data reported by Lookonchain. The movement occurred in two simultaneous transactions: one sending 2,140 BTC valued at $172.67 million and a second carrying 2,119 BTC valued at $171 million.[6][7][1]
Blockchain tracking platform Arkham Intelligence showed the funds originated from addresses labeled as Trump Media 2028 convertible notes collateral before arriving at Crypto.com. While large transfers to exchanges often trigger speculation of potential sales, the transfers do not confirm that any tokens have been liquidated. CoinDesk reported that this marks the third such batch of transfers from Trump Media-linked wallets this year, noting the company previously maintained that earlier movements were for custody management rather than asset sales.[2][8][7]
The transactions take place against looming financial pressures and volatile corporate fortunes. A November 30 provision gives convertible note holders the ability to demand cash repayment, which could total around $1 billion if exercised in full. Meanwhile, Crypto Briefing reported the transfer came as Trump Media shares touched all-time lows following the U.S. midterm elections.[8][3][10]
Key facts
- Wallets linked to Trump Media transferred 4,259 BTC worth roughly $342 million to $344 million to Crypto.com.
- The funds moved in two tranches of 2,140 BTC ($172.67M) and 2,119 BTC ($171M) from addresses labeled as 2028 convertible notes collateral.
- Trump Media has previously stated that similar transfers to Crypto.com were conducted for custody management rather than asset sales.
- A November 30 debt term allows convertible note holders to demand cash repayments that could reach about $1 billion if fully redeemed.
- Crypto Briefing reported that Trump Media's stock hit an all-time low around the time of the transfer following U.S. midterm elections.
Sources · 9 sources
- TB
The Block@TheBlockCoPost on X ·
NEW: Trump Media, the Donald Trump-owned company behind Truth Social, moved 4,259 BTC ($343.7 million) to Crypto. com earlier today, according to Lookonchain. https://t.co/ODltrnfbRH
Open source - CO
CoinDesk@CoinDeskPost on X ·
MARKETS: Wallets linked to Trump Media transfer 4,259 $BTC worth $342M to @Cryptocom, the third such transfer this year, though the company has previously said similar moves were for custody management, not sales, per Arkham data. https://t.co/P30ArNlAOd
Open source - CB
Crypto BriefingArticle ·
Trump Media moves $344M in Bitcoin to Crypto.com as stock falls to all-time low Trump Media's Bitcoin move amid financial struggles highlights the volatility and risks associated with digital asset investments. The post Trump Media moves $344M in Bitcoin to Crypto.com as stock falls to all-time low appeared first on Crypto Briefing .
Open source - AI
Analytics Insight@analyticsinmePost on X ·
𝐓𝐫𝐮𝐦𝐩 𝐌𝐞𝐝𝐢𝐚 𝐌𝐨𝐯𝐞𝐬 𝟒,𝟐𝟓𝟗 𝐁𝐓𝐂 𝐭𝐨 𝐂𝐫𝐲𝐩𝐭𝐨.𝐜𝐨𝐦, 𝐑𝐚𝐢𝐬𝐢𝐧𝐠 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 Trump Media-linked wallets transferred 4,259 BTC worth USD 434 million to https://t.co/sFTNGVI0xI of a major debt deadline. Previous transfers involved custody, not sales. The latest transaction remains unexplained. #TrumpMedia #Bitcoin #BTC #CryptoCom #CryptoNews #CryptoTreasury #AI #AINews #AnalyticsInsight #AnalyticsInsightMagazine Read More 👇 https://t.co/gO5fphS2yx
Open source - CG
Crypto GEMs 📈🚀@cryptogems555Post on X ·
Trump Media just moved 4,259 $BTC (~$344M) to Crypto com 👀 That's about 30% of its 14,139 BTC stack, and noteholders can demand up to $1B in cash on Nov 30. Selling... or just custody? https://t.co/h4xIlvFPs7
Open source - LO
Lookonchain@lookonchainPost on X ·
Is Trump Media dumping $BTC? Trump Media transferred 4,259 $BTC ($343.67M) to https://t.co/uXlOLXEpBd 40 minutes ago. https://t.co/b8FnEmGpPh https://t.co/A3yEfMmhuf
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🚨 JUST IN: Trump Media moved 4,259 bitcoin:native , worth about $343.7M to Crypto(.)com. https://t.co/tKw36RRZxN
Open source - BS
BSCN@BSCNewsPost on X ·
Trump Media Selling Bitcoin? A wallet linked to Trump Media transferred 4,259 $BTC, worth roughly $434 million, to Crypto(.)com (@cryptocom), per Arkham data. According to Arkham, there were two separate transactions in this process. These transactions were made through addresses referred to as convertible note collateral. Worth noting, Trump Media faces a major repayment deadline later this month. A November 30 provision lets convertible note holders demand cash repayment. In case all of them decide to exercise this right, the company might have to pay about $1 billion. Selling digital assets might become necessary. The recent transaction, however, doesn't mean any Bitcoin sale. Source: Arkham Intelligence
Open source - CB
Crypto Briefing@Crypto_BriefingPost on X ·
💥NEW: Trump Media moved $344 million in Bitcoin to https://t.co/I4IC0rIEtk as its stock hit an all-time low after the US midterm elections. https://t.co/3eIe4fmdYI
Open source - CB
Crypto BriefingArticle ·
Trump Media moved $344 million in Bitcoin as stock hit low after US midterms Trump Media's Bitcoin transfer amid stock decline highlights potential financial instability, impacting market confidence and Bitcoin's trajectory. The post Trump Media moved $344 million in Bitcoin as stock hit low after US midterms appeared first on Crypto Briefing .
Open source