🚨 BREAKING 🚨
🪙 Trump Media transferred 2,628 BTC (≈ $165M) to Crypto.com, leaving around 4,261 BTC in publicly tracked wallets.
🔒 The remaining BTC closely matches the amount previously pledged as collateral for convertible notes, suggesting most of the company's remaining Bitcoin could now be tied to loan collateral.
⚠️ It is not yet confirmed whether the latest transfer was a BTC sale or simply a custody transfer. The answer is expected in Trump Media's upcoming Q2 10-Q filing.
📉 On-chain analysts estimate the company's previous BTC movements have resulted in roughly $318M realized losses and $237M unrealized losses based on its reported acquisition cost.
👀 The filing could become a key market catalyst, revealing whether Trump Media has been reducing its Bitcoin exposure or only moving assets between custodians.
$BTC
#TrumpCrypto #BTC☀
🪙 Trump Media transferred 2,628 BTC (≈ $165M) to Crypto.com, leaving around 4,261 BTC in publicly tracked wallets.
🔒 The remaining BTC closely matches the amount previously pledged as collateral for convertible notes, suggesting most of the company's remaining Bitcoin could now be tied to loan collateral.
⚠️ It is not yet confirmed whether the latest transfer was a BTC sale or simply a custody transfer. The answer is expected in Trump Media's upcoming Q2 10-Q filing.
📉 On-chain analysts estimate the company's previous BTC movements have resulted in roughly $318M realized losses and $237M unrealized losses based on its reported acquisition cost.
👀 The filing could become a key market catalyst, revealing whether Trump Media has been reducing its Bitcoin exposure or only moving assets between custodians.
$BTC
#TrumpCrypto #BTC☀