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Trump Media moves $342 million in bitcoin to Crypto.com

Original: Trump Media moves $342 million in bitcoin to Crypto.com, blockchain data show

Trump Media & Technology Group has transferred roughly $342 million worth of bitcoin to the exchange Crypto.com, according to blockchain data. The on-chain movement was flagged by CoinDesk and is drawing attention as observers try to determine whether the company is selling, custodying, or repositioning its crypto holdings.

Why now: A large bitcoin transfer by Trump-affiliated crypto holders is unusual and prompts speculation about the company's intentions.

Trump Media & Technology GroupCrypto.comCoinDeskbitcoin

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