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TRUMP MEDIA MAY BE TRANSFERRING A LARGE AMOUNT OF BTC TO SELL?
🔹 On-chain data shows Trump Media deposited 2,650 BTC (~$205 million) onto Crypto.com.
🔹 The total BTC holdings reported by the company are approximately 11,542 BTC, with an average purchase price of about $118.5K USD/BTC (~$1.37 billion USD).
🔹 Four months ago, they also transferred out 2,000 $BTC (~$175 million USD) at an average price of $87,378 USD/BTC.
🔹 With this average purchase price, Trump Media could be holding an unrealized loss of about $455 million USD across their entire Bitcoin position.
#TradfiTradingChallenge