๐จ Did Trump Media Company (TMTG) just start dumping Bitcoin?!
According to a report from Wu Blockchain, Trump Media has shifted 2,650 Bitcoin ($BTC), worth around $205 million, to the trading platform Crypto.com.
๐ Details on the massive move:
๐ Unrealized losses: This surprising step comes at a time when the company is facing losses estimated at about $455 million due to the drop in crypto prices compared to their buying levels.
๐ Second major move in 2026: This transfer marks the second significant and hefty action for the company this year to manage its Bitcoin portfolio.
๐ฐ What's left in the wallet? The company still holds around 6,889 Bitcoin as of this report.
โ Is it a sell-off or just a restructuring?
So far, it hasn't been confirmed whether this transfer is aimed at a direct sell to cover losses or if it's just an asset relocation for liquidity or safekeeping, especially after the company recently pulled its ETF applications.
๐ฌ Share your thoughts: Do you see this move by Trumpโs company putting additional selling pressure on Bitcoinโs price in the coming days? Or is it just an internal maneuver? ๐
#BTC #TrumpMedia #DJT #CryptoNews #BinanceSquare
According to a report from Wu Blockchain, Trump Media has shifted 2,650 Bitcoin ($BTC), worth around $205 million, to the trading platform Crypto.com.
๐ Details on the massive move:
๐ Unrealized losses: This surprising step comes at a time when the company is facing losses estimated at about $455 million due to the drop in crypto prices compared to their buying levels.
๐ Second major move in 2026: This transfer marks the second significant and hefty action for the company this year to manage its Bitcoin portfolio.
๐ฐ What's left in the wallet? The company still holds around 6,889 Bitcoin as of this report.
โ Is it a sell-off or just a restructuring?
So far, it hasn't been confirmed whether this transfer is aimed at a direct sell to cover losses or if it's just an asset relocation for liquidity or safekeeping, especially after the company recently pulled its ETF applications.
๐ฌ Share your thoughts: Do you see this move by Trumpโs company putting additional selling pressure on Bitcoinโs price in the coming days? Or is it just an internal maneuver? ๐
#BTC #TrumpMedia #DJT #CryptoNews #BinanceSquare