Trump Media-linked wallet sends 4,259 BTC to Crypto.com
BROBROK News · Based on reporting by DiarioBitcoin ·
A wallet linked to Trump Media & Technology Group transferred 4,259 BTC, worth about $344 million, to Crypto.com. The move came on the same day the company’s stock fell 24.5% to a record low, but the transfer has not been confirmed as a sale.
Key points
- The transfer involved 4,259 BTC, valued at roughly $344 million.
- Blockchain analysis tied the wallet to Trump Media.
- The company’s shares dropped 24.5% and hit an all-time low the same day.
- TRUMP fell 16% over 24 hours and posted a new all-time low.
- The amount is close to the 4,261 BTC Trump Media disclosed as collateral for convertible notes.
Why it matters
The transaction stands out because it happened alongside sharp weakness in both the company’s stock and the TRUMP memecoin. However, without an official statement, it cannot be treated as a confirmed sale or a clear strategic shift.
Original headline: “Trump Media transfiere BTC 344 millones a Crypto.com mientras su acción toca fondo”
Read the original on DiarioBitcoin
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.