Trump Media Transfers $344M in Bitcoin as DJT Stock Hits New Lows
Key Facts
Trump Media & Technology Group moved approximately $344 million in Bitcoin to the Crypto.com exchange according to Arkham blockchain data. Crypto Briefing reported that the transfer involved 4,259 BTC and coincided with the company's stock, DJT, hitting new lows following the U.S. midterm elections.
DJT closed at $4.49 on November 4, 2026, after reaching a session low of $4.46. The large-scale transfer has raised concerns regarding the firm's financial stability or the potential liquidation of crypto assets to support operations, particularly as the share price dropped 24% following the election results.
Latest Updates · 1
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Update: The 4,259 Bitcoin transferred on November 5, 2026, nearly matches the amount pledged as collateral for $1 billion in convertible notes. This correlation provides a specific financial context for the large-scale move to Crypto.com beyond simple market liquidation.