Trump Media's Transfer of 2,000 Bitcoin and Market Impact

As Bitcoin price movements and intense interest from investors continue in recent times, the consecutive transfer of 2,000 Bitcoin by Trump Media and Technology Group has drawn attention. This transfer occurred during a period when the prices were hovering around the $86,000 to $87,000 range. This move demonstrates the company's active management of its Bitcoin assets, and it did not create sell-off concerns in the markets.

The U.S.-based Trump Media and Technology Group conducted a significant onchain movement by transferring approximately $174 million worth of around 2,000 Bitcoin between different wallets. This transfer took place on the same day that it was announced that the company's Bitcoin holdings had been raised to 11,542 Bitcoin. According to data on the blockchain, about $12 million of these transfers reached the Coinbase Prime Custody platform. The remaining Bitcoins were observed to be held in other wallets of a similar structure. This situation indicates an internal reserve arrangement rather than signaling a sale.

Finance experts indicate that such transfers do not carry the intention to sell. Coinbase Prime Custody offers a custody service for institutional investors, so transfers to these wallets are typically associated with operational processes such as the restructuring of cold wallets or the consolidation of assets. Furthermore, Trump Media's recent purchase of 451 Bitcoin shows that the company is consciously managing its Bitcoin position.

While the Bitcoin price reacts minimally to these developments, it still faces challenges above the psychological level of $90,000. On the other hand, Trump Media's shares have increased by over 30% in the last five trading days, reaching around $14. This rise indicates that the company's steps toward digital assets and financial products, beyond its social media activities, are further exciting investors.