Trump Media says $165 million bitcoin transfer to Crypto.com wasn’t a sale
The Block·
60-second summary
Trump Media is clarifying a $165 million bitcoin transfer to Crypto.com, stating it wasn't a sale. The company claims a similar transfer in May was part of a broader trading strategy, not a sale. This clarification comes as the market closely watches the company's financial activities, potentially influencing investor sentiment and crypto market trends.
The company said a similar transfer to Crypto.com in May was part of a broader trading strategy and did not represent a sale.