Trump Media moves 4,259 BTC
On-chain: Approximately 4,259 BTC (about $344 million) belonging to Trump Media (DJT) was transferred from a convertible-note collateral wallet to Crypto.com. The market interpreted this as a sale/liquidation.
• The amount matches the previously disclosed scale of its convertible-note collateral
• The company had warned of potential cash-repurchase pressure around the end of November
• The on-chain transfer to an exchange was interpreted by the market as a sale (no 8-K confirmation of a completed transaction has been seen)
According to CoinDesk/Arkham/Lookonchain
Not investment advice
#Trump #BTC #DJT #TrumpMedia
On-chain: Approximately 4,259 BTC (about $344 million) belonging to Trump Media (DJT) was transferred from a convertible-note collateral wallet to Crypto.com. The market interpreted this as a sale/liquidation.
• The amount matches the previously disclosed scale of its convertible-note collateral
• The company had warned of potential cash-repurchase pressure around the end of November
• The on-chain transfer to an exchange was interpreted by the market as a sale (no 8-K confirmation of a completed transaction has been seen)
According to CoinDesk/Arkham/Lookonchain
Not investment advice
#Trump #BTC #DJT #TrumpMedia
