Wallets tied to the Truth Social parent now hold about as much bitcoin as the company previously pledged as note collateral, making its next 10-Q the key test of whether recent Crypto.com transfers were custody moves or sales. Trump Media has moved 2,628 bitcoin worth about $165 million to Crypto.com, leaving roughly 4,261 bitcoin in tagged wallets that now closely match the amount pledged as collateral for its convertible notes. The company bought 11,542 bitcoin near the top of the market for…
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