Trump Media Moves 2,000 BTC Worth $174M in Holiday Shuffle

Trump Media & Technology Group moved a major sum of Bitcoin on Christmas Eve. According to on-chain data, the firm moved 2,000 BTC valued at approximately $174 million across multiple wallets. 

This activity comes only a day after Trump Media increased its stock in Bitcoin by 451 $BTC($40.3M, reaching a total sum of $1.04 billion. While the firm moved around $12 million to Coinbase custody, the rest remained in wallets tied to Trump Media, implying asset reshuffling rather than a sell-off.

The company’s total holdings now stand at 11,542 BTC, cementing its position as one of the largest corporate holders of Bitcoin.

The move came amid a sharp rally in Trump Media's equity. Over the last five days alone, the company's stock (NASDAQ: DJT) surged by over 35% in value. 

Wall Street reacted favorably to the company’s $6 billion all‑stock merger with TAE Technologies, a California‑based nuclear energy and AI infrastructure firm. The deal resulted in a 42% surge for DJT in a single session, and reframes Trump Media from a social‑media platform operator into a diversified tech player with exposure to clean energy and advanced computing. 

Currently holding 11,542 BTC, Trump Media owns the 11th largest Bitcoin treasury among public firms. Rather than selling it, today's move reinforces the idea that the firm will aim to leverage its BTC in the longterm.