Trump Media Moves Over $200 Million in Bitcoin as Losses Pile Up: Arkham
Trump Media has reportedly transferred over $200 million in Bitcoin amid increasing financial losses, according to data from Arkham Intelligence. The company, which operates Truth Social, is facing significant challenges, including a federal investigation and ongoing financial difficulties. The Bitcoin transactions are seen as a strategic move to manage liquidity as the company navigates these issues. Additionally, the transfer raises questions about the future of Trump's media venture and its ability to sustain operations.
Read the full article: Decrypt