Is Trump Media preparing to sell Bitcoin? 👀
A wallet linked to Trump Media has transferred 4,259 $BTC , worth approximately $434 million, to @cryptocom, according to Arkham Intelligence.
The funds moved in two separate transactions from addresses identified as convertible note collateral.
The timing is raising eyebrows.
Trump Media faces a major repayment deadline on November 30, when convertible note holders can demand cash repayment. If all holders exercise that right, the company could face a roughly $1 billion obligation.
Could Bitcoin become a source of liquidity?
One important distinction: A transfer to an exchange does not confirm a sale.
For now, the transaction is worth watching, especially with the November 30 deadline approaching.
Source: Arkham Intelligence
A wallet linked to Trump Media has transferred 4,259 $BTC , worth approximately $434 million, to @cryptocom, according to Arkham Intelligence.
The funds moved in two separate transactions from addresses identified as convertible note collateral.
The timing is raising eyebrows.
Trump Media faces a major repayment deadline on November 30, when convertible note holders can demand cash repayment. If all holders exercise that right, the company could face a roughly $1 billion obligation.
Could Bitcoin become a source of liquidity?
One important distinction: A transfer to an exchange does not confirm a sale.
For now, the transaction is worth watching, especially with the November 30 deadline approaching.
Source: Arkham Intelligence
