Is Trump Media selling Bitcoin? 4,259 BTC moved to Crypto.com

Trump Media & Technology Group has transferred approximately 4,259 Bitcoin (BTC), worth $343.67 million, to Crypto.com, raising questions about whether the company is preparing to sell part of its cryptocurrency holdings. Summary Blockchain tracker Lookonchain flagged a transfer of approximately 4,259 BTC, worth $343.67 million, from wallets linked to Trump Media to Crypto.com. The Bitcoin moved in two transactions of roughly 2,140 BTC and 2,119 BTC, from addresses Arkham labeled as convertible-note collateral. Trump Media’s June 30 SEC filing identified 4,260.73 BTC pledged against its convertible notes, closely matching the latest transfer. Holders of the company’s convertible notes can request cash repayment on November 30, potentially requiring up to $1 billion. The transfer does not establish a Bitcoin sale. Trump Media previously described similar movements to Crypto.com as custody or trading management. Blockchain tracker Lookonchain identified the November 5 movement and questioned whether Trump Media was selling Bitcoin. Arkham data showed two transfers of 2,140.03 BTC and 2,119.31 BTC at approximately 02:17 UTC from wallets labeled “2028 Convertible Notes Collateral.”...