Is Trump about to bail too?
The other day, Trump Media & Technology Group transferred 4,259 BTC to @cryptocom, worth over $300 million.
These coins are collateral for its $1 billion convertible notes. On November 30, creditors can require the company to buy them back in cash.
An announcement on November 2 said that if it doesn’t have enough cash, it may have to sell Bitcoin.
So it’s still unclear whether it has sold any. It also made transfers in May and August, and said both times that it hadn’t sold any.
But the Democrats just said they’re going to investigate the Trump family’s crypto business, so the timing is pretty intriguing.
The other day, Trump Media & Technology Group transferred 4,259 BTC to @cryptocom, worth over $300 million.
These coins are collateral for its $1 billion convertible notes. On November 30, creditors can require the company to buy them back in cash.
An announcement on November 2 said that if it doesn’t have enough cash, it may have to sell Bitcoin.
So it’s still unclear whether it has sold any. It also made transfers in May and August, and said both times that it hadn’t sold any.
But the Democrats just said they’re going to investigate the Trump family’s crypto business, so the timing is pretty intriguing.
