Trump Media Moves 4,259 Bitcoin Pledged for $1 Billion Notes

Trump Media & Technology Group moved 4,259 Bitcoin (BTC) linked to its convertible-note collateral to Crypto.com, shifting nearly $340 million in digital assets as creditors approach a Nov. 30 cash-repurchase right. The transfer took place at 9:17 p.m. ET Nov. 4 (02:17 UTC Nov. 5) in two transactions of 2,140.03 BTC and 2,119.31 BTC. Holders of Trump Media’s $1 billion in zero-coupon secured convertible notes due in 2028 may require a cash repurchase at par on Nov. 30. Trump Media may not have enough cash or financing to meet the demand. If it cannot address the notes, it may need to sell Bitcoin or other digital assets, seek debt or equity financing, or take other steps that could materially harm its business and finances.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.