By Tiger bilal
Blockchain data tracked by Arkham shows the movement represents a reserve reshuffle rather than a complete migration to an exchange.
Bitcoin News
Bitcoin News
Trump Media and Technology Group transferred approximately 2,000 Bitcoin, valued at $174 million, across multiple wallets following reports of increased cryptocurrency holdings.
The company now holds 11,542 Bitcoin after purchasing 451 coins, according to blockchain tracker Lookonchain. The transfers moved Bitcoin (BTC) through several addresses, with roughly $12 million reaching Coinbase Prime Custody while the remainder stayed in wallets linked to the same entity.
Blockchain data tracked by Arkham shows the movement represents a reserve reshuffle rather than a complete migration to an exchange. Coinbase Prime Custody serves as an institutional storage product, and custody transfers typically reflect treasury operations like reorganizing cold storage or consolidating wallets.
The timing suggests Trump Media, which owns Truth Social, is actively managing its Bitcoin position instead of maintaining a static hold. Corporate holders frequently move assets between wallets for operational reasons, particularly after new purchases, internal policy changes, or custodial transitions.
Bitcoin's price remained stable between $86,000 and $87,000 during the 24-hour period following the transfers. The cryptocurrency has struggled to maintain key psychological levels above $90,000 as broader crypto sentiment has softened into the year-end.
The on-chain activity coincides with a rally in Trump Media's equity. Shares climbed more than 30% over five trading days to around $14, according to Google Finance.
The movement does not signal a sale on its own. Assets in custody can remain parked for extended periods without being traded, and the transfers align with standard institutional treasury management practices.
Market observers have been monitoring flows and positioning closely as traders watch for signals in Bitcoin's price action. The company's push into financial products and digital assets has drawn renewed attention to its strategy beyond social media.
