Trump’s Bitcoin Shuffle: $174M Move Sparks Crypto Speculation 😲💰

by

Finance

What to know: 🤔

  • Trump Media and Technology Group moved some 2,000 bitcoin, valued at $174 million, through various wallets following an increase in its crypto holdings. Because nothing says “we’re serious” like moving crypto around. 🧠💸
  • The transfers included around $12 million to Coinbase Prime Custody, with the rest remaining in wallets linked to the same entity, indicating a reserve reshuffle. Because who needs a clear plan when you can just shuffle? 🧹
  • The movement did not appear to affect bitcoin’s price, which remained stable between $86,000 and $87,000, despite broader market sentiment softening. Bitcoin’s price? Still chilling at $86k-87k, like “I’m fine, really.” 🤷‍♂️

Trump Media and Technology Group (DJT) moved roughly 2,000 bitcoin, worth about $174 million, through a series of wallets a day after it was reported to have increased its holdings to 11,542 BTC. Because why keep it simple when you can complicate it? 🤯

The transfers routed the bitcoin across multiple addresses, with around $12 million ultimately reaching Coinbase Prime Custody, according to blockchain data tracked by CoinDesk on Arkham. Coinbase Prime Custody: where big boys keep their toys. 🏦🤖

The remainder is held in other wallets that appear to be linked to the same entity, suggesting a reshuffle of reserves rather than a one-way move toward an exchange. Because “reserves” is just a fancy way of saying “we’re not sure what we’re doing.” 🧩

The activity does not, on its own, signal a sale. Coinbase Prime Custody is a storage product designed for institutions, and custody transfers can reflect treasury operations like reorganizing cold storage or consolidating wallets. Assets in custody can remain parked there for long periods without being traded. Because patience is a virtue… or maybe just a delay. 🕒

The timing is notable, coming one day after blockchain tracker Lookonchain said the company bought 451 BTC, implying Trump Media, the owner of the Truth Social social-media platform, is actively managing its bitcoin position rather than leaving it static. Because nothing says “active management” like buying BTC and then moving it. 📈

Corporate holders often move assets between wallets for operational reasons, particularly after new purchases, internal policy changes, or custodial transitions. Because “operational reasons” is the catch-all for everything. 🧩

Bitcoin’s price showed little immediate reaction to the movement. The token traded near $86,000 to $87,000 in the past 24 hours, a range that has held even as broader crypto sentiment has softened into year-end. Bitcoin’s price: still taking a nap. 🛌

Traders have been watching flows and positioning closely, with recent market action showing bitcoin struggling to hold key psychological levels above $90,000. Because obviously, that’s a number you can just “hold.” 💸

The onchain transfers also come as Trump Media’s equity has rallied. The shares are up more than 30% over the past five trading days, according to Google Finance, trading around $14. Because nothing says “financial stability” like a 30% surge. 🚀

The move has coincided with renewed attention on the company’s strategy beyond social media, including its push into financial products and digital assets. Because nothing says “innovation” like a social media platform and crypto. 🚀

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2025-12-24 16:38