Trump Media-Linked Address Deposits 2,650 Bitcoin to Crypto.com, Worth $204.93 Million
Minseung Kang
Summary
- A Trump Media-linked address reportedly deposited 2,650 Bitcoin (BTC) into Crypto.com, marking a transfer worth about $204.93 million.
- The address still holds 6,889 BTC, with the remaining assets valued at about $532.78 million.
- It has not yet been confirmed whether the transaction was a simple custody transfer or related to a partial sale or liquidity management.
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A wallet linked to Trump Media & Technology Group moved a large amount of Bitcoin to cryptocurrency exchange Crypto.com.
BlockBeats, a crypto-focused media outlet, reported on May 22, citing data from on-chain analytics platform Arkham, that a Trump Media-linked address deposited 2,650 Bitcoin into Crypto.com. The transfer was worth about $204.93 million.
The address still holds 6,889 Bitcoin, valued at about $532.78 million.
It remains unclear whether the transaction was simply a custody transfer or related to a partial sale or liquidity management.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
