Global Stock News

Trump Media Sends 2,650 Bitcoin Worth $205M to Crypto.com, Raising Treasury Questions

Trump Media Sends 2,650 Bitcoin Worth $205M to Crypto.com, Raising Treasury Questions

Key Takeaways

Trump’s Treasury Strategy Draws Scrutiny

Onchain data shows a Trump Media-linked address depositing 2,650 BTC, valued at roughly $204.93 million, to Crypto.com on May 22. Following the transfer, the address still holds an estimated 6,889 BTC, worth approximately $532.78 million at current prices, per Arkham.

The purpose of the transaction has not been officially confirmed, and it remains unclear whether the move represents a partial sale, a…

Source link

Share this article

Scroll to Top