Trump Media Moves 4,259 Bitcoin: Why 30 November Could Force a Sale

Wallets linked to Trump Media & Technology Group moved 4,259 bitcoin to Crypto.com early on Thursday, 5 November. At Thursday night's price of 75,869 dollars that is about 323 million dollars. The coins came from addresses labelled "2028 Convertible Notes Collateral", and a filing from 2 November shows why the timing matters: holders of those notes can demand up to 1.0 billion dollars in cash on 30 November, and Trump Media names selling bitcoin as one way to raise it. The transfer landed in the middle of a broad sell-off.