It's unknown whether Trump Media & Technology Group is selling its Bitcoin, though it has amassed sizable losses on its holdings.
In brief
Bitcoin addresses tied to Trump Media transferred $204 million worth of Bitcoin to addresses labeled as Crypto.com.
The addresses last transferred funds to Crypto.com four months ago, albeit a much smaller amount.
Shares in the firm are up nearly 1% on the day, but down 70% from their 52-week high.
Trump Media (DJT) Moves To Sell Bitcoin As Losses Reach $455 Million
Trump Media moves $205 million in Bitcoin to Crypto.com amid mounting losses
Trump Media Has $455 Million In Unrealized Bitcoin Losses: Why Did It Move Another $205 Million? - Trump
Trump Media moves another $205M in Bitcoin as losses on crypto bet swell to $455M
Trump Media Down $455 Million On Bitcoin Bet: Why Did It Move Another $205 Million? (UPDATED) - Trump Med
Why Trump's bitcoin ETF plans likely collapsed before even getting off the ground
Trump Media & Technology Group transferred 2,650 Bitcoin (~$205 million) to Crypto.com, signaling a likely pending sale.
Trump Media shifts $205M in Bitcoin to Crypto.com amid losses, fueling speculation on trade intentions and strategic positioning.
Trump Media & Technology Group (NASDAQ:DJT) transferred another 2,650 Bitcoin
DJT’s bitcoin strategy remains under pressure as the company sits on hundreds of millions in unrealized crypto losses and…
Editor’s note: This story has been updated to clarify several figures.
Sales were under $1 million, yet the stock is moving higher.
