Trump Media-linked wallet transfers 4,259 BTC to Crypto.com in two batches, valued at approximately $329 million

Odaily News: According to Bitcoin News monitoring, a wallet tagged by Arkham as belonging to Trump Media & Technology Group's "2028 Convertible Notes Collateral" transferred 4,259 BTC to Crypto.com in two batches, valued at approximately $329 million. The transfer does not represent a sale; Trump Media previously described similar transfers to Crypto.com in May and August of this year as transactions or custodial management. Trump Media's Q2 filing shows that as of June 30, the company had staked 4,260.73 BTC as collateral for convertible notes. A November 2 filing stated that note holders may demand repayment on November 30; if refinancing is insufficient, the company may need to sell Bitcoin.