The movement follows inflows into wallets tied to Trump Media, implying the company is actively managing its bitcoin position rather than leaving it static.
What to know:
Trump Media and Technology Group moved some 2,000 bitcoin, valued at $174 million, through various wallets following an increase in its crypto holdings.
The transfers included around $12 million to Coinbase Prime Custody, with the rest remaining in wallets linked to the same entity, indicating a reserve reshuffle.
The movement did not appear to affect bitcoin's price, which remained stable between $86,000 and $87,000, despite broader market sentiment softening.
BTC
86,941.97
-1.05%