Trump Media (DJT) Pledges 73% of Its Bitcoin to an Options Program as $1 Billion Note Deadline Nears

Bitcoin Magazine Trump Media (DJT) Pledges 73% of Its Bitcoin to an Options Program as $1 Billion Note Deadline Nears Trump Media & Technology Group has pledged about 73% of its bitcoin to an options program in which the counterparty can reuse the coins, the company disclosed in its third-quarter 10-Q filed Monday, three weeks before holders of its $1 billion in convertible notes can demand cash. The Truth Social parent held approximately 15,649 BTC on Sept. 30, Chief Financial Officer Phillip Juhan said on Monday’s earnings call, along with 7 million shares of BlackRock’s IBIT. Of those coins, 11,385.20 were pledged to what the company calls its bitcoin yield management program.

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