A digital wallet linked to Trump Media & Technology Group (NASDAQ: $DJT) has moved $342 million U.S. of Bitcoin (CRYPTO: $BTC) to the Crypto.com exchange, singling a potential sale.

The move by the parent company of Truth Social has raised questions about whether the company is reducing its crypto holdings as it seeks to generate cash.

Trump Media sent 4,259 Bitcoin worth $434 million U.S. to Crypto.com in two batches earlier this week, according to data tracked by Arkham.

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The large movement of BTC comes as Trump Media faces an upcoming payment on its corporate bonds of as much as $1 billion U.S.

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