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
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