Trump Media Moves $165M Bitcoin as Holdings Fall 63%
Key Insights
- Trump Media moved 2,628 Bitcoin into Crypto.com-linked wallets.
- Tracked Bitcoin holdings fell 63% across seven months.
- Public filings have not confirmed the latest transfers as sales.
Trump Media & Technology Group moved 2,628 Bitcoin, worth about $165 million, on Aug. 2. The company transferred the assets into Crypto.com-linked wallets amid scrutiny of Trump’s crypto ventures.
Lookonchain identified the transactions using Arkham Intelligence wallet labels. However, neither the company nor Crypto.com confirmed that the deposits represented completed sales.
The transfers reduced the company’s tracked balance to 4,261 Bitcoin, worth approximately $270 million. Exchange deposits can precede sales, but blockchain records cannot confirm execution prices or disposal terms.
Trump Media Transfers Deepen Bitcoin Treasury Reduction
Lookonchain said two transactions moved 2,429 Bitcoin and 198.9 Bitcoin into Crypto.com wallets. Arkham associated the sending addresses with the Truth Social parent company.
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