Trump's media transferred 7,000 bitcoins; only the loan collateral remains
2026-08-03 14:02:41
According to CoinMeta, Trump Media has transferred out 7,000 bitcoins, leaving only what may be loan collateral behind. A wallet related to the parent company of Truth Social transferred 2,628 bitcoins to Crypto.com on Saturday, worth approximately $165 million. Currently, there are about 4,261 bitcoins remaining in the marked wallet, valued at around $268 million. Documents from Trump Media's first quarter show that as of March 31, 4,260.73 bitcoins were held as collateral for convertible notes and were restricted from being allocated or withdrawn until May 29, 2028. The company has not yet clarified whether the remaining balance is also collateral, and it is possible that the marked wallet does not capture all of the bitcoins it holds. Trump Media did not respond to requests regarding the transfer and collateral outside of U.S. business hours on Monday.
Source:CoinDesk
This content is for market information only and does not constitute investment advice.
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