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Trump Media’s Bitcoin Transfer Triggers False Sell-Off Rumor
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
Trump Media & Technology Group moved 2,650 Bitcoin worth about $205 million to Crypto.com, sparking online claims that the company was dumping its crypto holdings. A spokesperson later clarified the transfer was part of routine trading activity, not a full-scale sale. The company still reportedly holds nearly 6,900 Bitcoin despite heavy unrealized losses after buying at higher prices. The episode highlights how quickly crypto rumors can spread and shake sentiment, especially when politically linked firms are involved. Investors will now watch whether Trump Media changes its broader crypto strategy.
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