Trump Media reportedly transferred $342 million worth of bitcoin to Crypto.com this week. Arkham blockchain tracking data shows two transfers from wallets allegedly linked to Trump Media & Technology Group. A filing submitted by the company on November 2 warned that if all convertible noteholders exercise their rights, the amount demanded for repayment could reach about $1 billion by November 30. Analyst EyeOnChain cautioned that transfers to exchanges do not necessarily mean a sale. Bloomberg reported that the Democratic committee chair, who will take over the majority in January, may subpoena companies and officials, and the Trump family's cryptocurrency business could come under scrutiny.
