Trump Media transferred $342 million in Bitcoin to Crypto.com, sparking worries about cash issues and government checks.

Nov 5, 2026, 9:05 AM ETMarketRead the original at Benzinga

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Trump Media reportedly sent Bitcoin to Crypto.com, but the transfer does not prove a sale and earlier moves were called custody and trading management. Possible repayment demands of about $1 billion, forced Bitcoin sales, and congressional scrutiny make the news unfavorable.

DJT · Trump Media & Technology Group

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The transfer could mean the company is preparing to use Bitcoin to meet repayment needs. But a move to an exchange does not prove a sale, and earlier transfers were described as custody and trading management. The company warned it may need to sell Bitcoin if refinancing falls short. Possible subpoenas could bring more scrutiny to Trump-linked crypto ventures.

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