Where did Trump Media’s 5,278 BTC go? Trackers spot $165 million Bitcoin transfer leaving just 3.43 BTC

- Trump Media’s Bitcoin treasury is vanishing faster than a PoD seal on a Core Dynamics invoice. Lookonchain spotted two transfers totaling 5,278 BTC, leaving a suspiciously round 3.43 BTC in the wallet. Did they sell? Or just shuffle coins between Crypto.com and Anchorage for "yield"? Interim CEO Kevin McGurn claims it’s security diversification, which is corporate speak for "we moved the meat wallet." Until the custodians provide a hash manifest proving these aren’t liquidations, we’re just guessing. The numbers match the March residual, but matching math isn’t proof of solvency. Don’t bet your stack on arithmetic; wait for the actual ledger.