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Trump Media says $165 million bitcoin transfer to Crypto.com wasn’t a sale

Covered by 2 sources · 2 articles

2 outlets - including Cryptonomist and Theblock - are covering this story. Trump Media’s bitcoin holdings just took another hit — and the numbers suggest the company’s crypto treasury may now be little more than the collateral backing its own debt. Wallets tied to the Truth Social parent moved 2,628 bitcoin worth…

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Trump Media bitcoin holdings fall to $268M after $165M Crypto.com transfer
Cryptonomist Aug 3, 06:44 UTC

Trump Media bitcoin holdings fall to $268M after $165M Crypto.com transfer

Trump Media’s bitcoin holdings just took another hit — and the numbers suggest the company’s crypto treasury may now be little more than the collateral backing its own debt. Wallets tied to the Truth Social parent moved 2,628 bitcoin worth…

Trump Media says $165 million bitcoin transfer to Crypto.com wasn’t a sale
The Block Aug 2, 15:16 UTC

Trump Media says $165 million bitcoin transfer to Crypto.com wasn’t a sale

The company said a similar transfer to Crypto.com in May was part of a broader trading strategy and did not represent a sale.