Trump Media Bitcoin Transfer of 4,259 BTC Nearly Matches Pledged Loan Collateral
Darryn Pollock's Yahoo Finance article covers Trump Media & Technology Group's transfer of 4,259 Bitcoin — worth $343.67 million by Lookonchain's count — to Crypto.com, nearly matching the 4,260.73 Bitcoin pledged as collateral for $1 billion in convertible notes, with Arkham Intelligence showing only about 1 Bitcoin left in its wallets. Pollock argues the transfer proves movement, not intent, since loan terms bar withdrawing the Bitcoin until May 2028, though he warns that noteholders able to demand cash on 30 November 2026 could pressure the collateral as the stock hits a record low $4.49.
