Trump Media Moves $175 Million in Bitcoin Across Multiple Wallets
Trump Media moved roughly 2,000 BTC, worth approximately $175 million, across multiple wallets following reports it had increased its holdings, with $12 million reaching Coinbase Prime Custody, according to on-chain data. This substantial cryptocurrency movement by the company controlled by President-elect Donald Trump raises questions about treasury management strategy, custody arrangements, trading intentions, and potential conflicts of interest given Trump's imminent return to the presidency with regulatory authority over cryptocurrency markets, while the specific wallet movements and Coinbase Prime deposit suggest institutional-grade custody transition rather than immediate liquidation plans.
2025/12/25