Trump Media bets on Bitcoin recovery as it readies note repayments

Trump Media balances Bitcoin strategy and upcoming mergers amid financial tightrope challenges. Trump Media is seeking to preserve its Bitcoin holdings as it prepares to repay outstanding convertible notes, with plans to use cash and credit rather than issue additional shares. Interim CEO Kevin McGurn said on the company’s third-quarter earnings call that Trump Media currently has $2.3 billion in assets and wants to preserve its Bitcoin to maintain its yield-generating program and leave room for a recovery in the asset’s value. The parent company of Truth Social held about 15,650 BTC and 7 million IBIT shares at the end of September, with roughly 11,385 BTC pledged to its Bitcoin Yield Management Program.

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