A wallet linked to Trump Media & Technology Group transferred 4,259 Bitcoin worth approximately $344 million to Crypto.com on Wednesday. The transfer, flagged by Lookonchain, came as the company’s shares fell 24.5% to a record low following the U.S. midterm elections. The amount closely matches the 4,261 BTC Trump Media disclosed as collateral for convertible notes as of June 30, 2026, but it has not been confirmed that the transfer represents a sale. The company held 9,477 BTC at the end of the second quarter, down from 9,542 three months earlier, and reported a $238 million quarterly net loss, including more than $190 million in unrealized losses on digital assets and equity holdings.
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