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🟠Trump Media & Technology Group( just transferred approximately 2,000 BTC, worth nearly $174 million.
According to Arkham, about $12 million worth of BTC has been moved into Coinbase Prime Custody, with the remaining distributed across other wallets, most likely belonging to the same entity.
Transferring assets to Coinbase Prime does not mean selling. This is a custody service for organizations, typically used for treasury management activities such as consolidating wallets or changing custodians so that assets can remain undisturbed for a long period.
The timing of the transaction is particularly noteworthy as Lookonchain reports that Trump Media had previously purchased an additional 451 BTC.
📈 The current BTC price fluctuates around $86,000 - $87,000. Meanwhile, DJT stock has increased by over 30% in 5 trading sessions, trading around $14.
)