THE STREET · 2026-11-05 15:30 UTC

Trump Media just moved $342 million in Bitcoin, sparking fresh speculation

Trump Media moved 4,259 Bitcoin (worth ~$342 million) to Crypto.com, representing about 30% of its total holdings. The coins were pledged as collateral for convertible notes; noteholders can require cash repayment by Nov. 30, potentially obligating the company to repay ~$1 billion. Previous transfers to Crypto.com were characterized as trading strategy and custody management rather than sales; the current move's purpose remains unclear.

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