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Trump Media (NASDAQ:DJT) moved $342 million in Bitcoin (BTCUSD) to a Crypto.com-owned address this week in two nearly equal batches of 2,140.03 BTC and 2,119.31 BTC, per Arkham blockchain data, as BTC nears $80K. The 4,259 BTC total is close to the amount pledged for 2028 convertible notes, whose holders could request cash repayment on Nov. 30, with potential repayments reaching $1 billion. The move coincides with heightened scrutiny of Trump-linked crypto ventures as Democrats’ new majority raises subpoena odds.
Trump Media Moves 4,259 Bitcoin to Crypto.com-Linked Address as BTC Nears $80K
Trump Media (NASDAQ:DJT) transferred 4,259 Bitcoin (BTCUSD) to a Crypto.com-owned address this week, according to Arkham blockchain data cited in reporting on the move. The transfer came in two nearly equal batches of 2,140.03 BTC and 2,119.31 BTC, and took place as Bitcoin approached the $80,000 level.
Transfer Size Tracks Convertible Note Pledge
The total moved is close to the amount pledged for Trump Media’s 2028 convertible notes. Noteholders could request cash repayment on Nov. 30, with potential repayments reaching $1 billion.
Timing and Scrutiny
The transfer coincides with heightened scrutiny of Trump-linked crypto ventures, as Democrats’ new majority raises the odds of subpoenas, according to the reporting.
Key Figures
- Total transferred: 4,259 BTC
- Batch 1: 2,140.03 BTC
- Batch 2: 2,119.31 BTC
- Destination: Crypto.com-owned address (per Arkham data)
- Noteholder cash repayment date: Nov. 30
- Potential repayments: up to $1 billion