- Trump Media and Technology Group (DJT) moved about 2,000 BTC (≈ $174 million) across multiple wallets.
- Roughly $12 million of that flow reached Coinbase Prime Custody, while the rest remained in wallets linked to the same entity.
- The transfers occurred one day after blockchain tracker Lookonchain said the company added 451 BTC, suggesting treasury reorganization rather than an outright sale.
- Bitcoin’s price showed little immediate reaction, trading near $86,000–$87,000 during the moves.
Trump Media and Technology Group (DJT) moved roughly 2,000 bitcoin—about $174 million—through a chain of wallets the day after it was reported to have increased holdings to 11,542 BTC. The transfers routed coins across multiple addresses, with around $12 million ultimately landing at Coinbase Prime Custody and the remainder held in other wallets linked to the same entity.
Blockchain data tracked on Arkham shows the distribution of funds across several addresses. The pattern suggests a reshuffle of reserves rather than an immediate sale. Custody is a service that stores digital assets for institutions; assets held in custody can remain parked without being traded.
The activity came one day after blockchain tracker Lookonchain said the company bought 451 BTC, indicating active management of its bitcoin position. Corporate holders often move assets after new purchases, policy changes, or custodial transitions.
Bitcoin’s price showed little reaction to the transfers, trading near $86,000 to $87,000 in the 24 hours around the moves. Traders have noted the token has struggled to hold psychological levels above $90,000. Cold storage is an offline wallet used for long-term holding and is commonly used in treasury operations.
Separately, the company’s equity has risen more than 30% over the past five trading days, trading around $14, as attention grows on its strategy beyond social media and its interest in digital assets.
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