CoinDesk·4 min read·hard
Trump Media’s bitcoin stash may be down to loan collateral after $165 million BTC move
S
Shaurya Malwa
✦AI Summary
Trump Media has moved 2,628 bitcoin to the Crypto.com exchange, leaving approximately 4,261 bitcoin in its known wallets. Analysts suggest these remaining holdings may be tied to collateral requirements for convertible notes, as the company continues to face significant net losses.
Wallets attributed to the Truth Social parent moved 2,628 bitcoin, worth about $165 million, to Crypto.com in two transactions Saturday, per Arkham data .
businesscryptoeconomy
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