Will Trump Media Sell Bitcoin? $344 Million Transfer Reported to the Stock Exchange
Original headlineTrump Media Bitcoin mi Satacak? Borsaya 344 Milyon Dolarlık Transfer Bildirildi
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Trump Media-linked wallets transferred 4,259 Bitcoin, worth roughly $344 million, to Crypto.com, according to on-chain data platform Lookonchain on November 5. The transfer is notable for its size relative to Trump Media's holdings and has fueled speculation that the company may be preparing to sell part of its Bitcoin position. Trump Media has not confirmed a sale, and the destination being an exchange rather than a self-custody wallet is what triggered the sell-off chatter. Watch for official company disclosure on whether the coins were sold, and for any further exchange inflows from the same wallets.
Muhabbit's AI wrote this summary in its own words from Koinbülteni's report and translated it from Turkish. It can get details wrong, so check the source.
Named in this story
Trump Media, Crypto.com, Bitcoin (BTC), Lookonchain
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