Follow UsTrump Media’s bitcoin stash may be down to loan collateral after $165 million BTC move
Bearish-52.94%
3 Aug, 05:52
Source: CoinDesk
AI Summary
Trump Media's bitcoin holdings may have been reduced to only the amount pledged as loan collateral following a $165 million BTC transfer, raising concerns about potential sales and balance sheet health.
Wallets tied to the Truth Social parent now hold about as much bitcoin as the company previously pledged as note collateral, making its next 10-Q the key test of whether recent Crypto.com transfers were custody moves or sales.