Trump Media & Technology Group transferred 2,000 Bitcoin, valued at $174 million, in a single day, according to blockchain tracking by CoinDesk on Arkham. Of this, $12 million was moved to Coinbase Prime Custody, while the remainder was distributed across linked wallets. This follows a recent purchase of 451 BTC, highlighting active fund management by the company.
The transactions are interpreted as reserve reallocation rather than a sale, as Bitcoin's price remained stable between $86,000 and $87,000. Meanwhile, Trump Media's stock has surged over 30% in the past five days, reflecting positive market sentiment.
Trump Media Moves $174M in Bitcoin Amid Active Fund Management
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