Trump Media moved 4,259 bitcoin to CDC last night before it started dumping.

Here’s the takeaway:

Trump Media Bitcoin Holdings cost 1B and if it hasn’t been liquidated it’s worth $557M – a net loss of ~500M. Onchain holdings equal 1.2 BTC….. “If DJT (stock) stays near record lows, noteholders may prefer cash over shares, which could pressure the BTC collateral.” Obviously a transfer to an exchange isn’t guaranteed to be a sale but it definitely looks like one.

submitted by /u/GabeSter [link] [comments]

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