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The President Trump-owned media company shuffled approximately 2,000 Bitcoin (BTC), valued at around $174 million, through several wallets, according to on-chain data.
Arkham Intelligence data shows that the transfers shifted the Bitcoin across numerous wallet addresses, with roughly $12 million arriving at Coinbase Prime Custody.
The movement came just a day after Trump Media bought 451 Bitcoins, lifting its total holdings to 11,542 BTC, worth over $1 billion at the time, according to data from BitcoinTreasuries.net— good enough to make it the 11th-largest private company holding the asset.
The remaining tokens remain in wallets tied to the same entity, suggesting a routine reallocation of its holdings rather than a transfer to a centralized exchange.



 Bitcoin traders were unfazed by Trump Media’s latest on-chain activity. The top crypto traded at around $87,326 over the past 24 hours, after failing to hold key psychological levels above $90,000. BTC’s price remains 30.9% off its October 6, 2025, all-time high of $126,080, CoinGecko data shows.
Trump Media first announced it would begin acquiring Bitcoin and other cryptocurrencies in May after successfully closing a $2.3 billion capital raise.
While the company has not publicly disclosed the purpose of this Bitcoin transaction, the timing is notable as it comes after Trump Media agreed to merge with fusion power firm TAE Technologies in a $6 billion all-stock transaction.
Both companies’ boards have approved the deal of directors and is subject to standard closing conditions, with finalization expected in mid-2026.
