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Home/News Feed/Trump Media moves $165M in bitcoin to Crypto.com, likely as loan collateral, awaiting Q2 report for clarity.
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Trump Media moves $165M in bitcoin to Crypto.com, likely as loan collateral, awaiting Q2 report for clarity.

Market News
03 Aug 2026
Coindesk
View Source
Bearish
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Trump Media transferred 2,628 bitcoins worth about $165 million to Crypto.com, reducing its bitcoin holdings to roughly 4,261 coins, which matches the amount pledged as collateral for its convertible notes. The company, which bought 11,542 bitcoins near the market peak, has realized significant losses from these holdings. It remains unclear if the recent transfers are sales or custody moves; this will be clarified in Trump Media's Q2 10-Q report. The move highlights the company's shrinking bitcoin treasury amid ongoing financial losses.

More News (CRO)

Trump Media moves 2,628 BTC worth $165M to Crypto.com, denies selling the bitcoin

Trump Media moves 2,628 BTC worth $165M to Crypto.com, denies selling the bitcoin

Trump Media and Technology Group transferred 2,628 BTC valued at about $165 million to Crypto.com wallets, sparking speculation of a sale. However, the company confirmed the bitcoin was moved but not sold, similar to a previous transfer in May. These...

Market News
Neutral
5 hours ago
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