🐉 TRUMP MEDIA DID NOT DUMP 99.99% OF ITS BITCOIN. HERE IS WHAT ACTUALLY MOVED
👉 On Nov 5, wallets Arkham labels as Trump Media's convertible note collateral sent 4,259 BTC, about $342 million, to Crypto.com in two batches, according to CoinDesk
👉 That is almost the entire 4,260.73 BTC pledged as collateral for its $1 billion convertible notes, but only about 30% of the roughly 14,139 BTC the company reported holding
👉 The real deadline is Nov 30. A filing on Nov 2 says noteholders can demand about $1 billion back in cash, and the company has said selling bitcoin is one option if refinancing falls short
👉 A transfer is not a sale. Trump Media has not confirmed any sale, and similar moves to Crypto.com in May and August were described as custody and trading management, not sales
👉 What matters is what happens next. If this bitcoin stays in custody, it is debt management. If it starts hitting the market before Nov 30, it becomes a real sell story
#BinanceSquare #TrumpMedia #Bitcoin #BTC #Crypto
Read the filing, not the viral headline.
👉 On Nov 5, wallets Arkham labels as Trump Media's convertible note collateral sent 4,259 BTC, about $342 million, to Crypto.com in two batches, according to CoinDesk
👉 That is almost the entire 4,260.73 BTC pledged as collateral for its $1 billion convertible notes, but only about 30% of the roughly 14,139 BTC the company reported holding
👉 The real deadline is Nov 30. A filing on Nov 2 says noteholders can demand about $1 billion back in cash, and the company has said selling bitcoin is one option if refinancing falls short
👉 A transfer is not a sale. Trump Media has not confirmed any sale, and similar moves to Crypto.com in May and August were described as custody and trading management, not sales
👉 What matters is what happens next. If this bitcoin stays in custody, it is debt management. If it starts hitting the market before Nov 30, it becomes a real sell story
#BinanceSquare #TrumpMedia #Bitcoin #BTC #Crypto
Read the filing, not the viral headline.