Trump Media Bought 4,359 Bitcoin As $1 Billion Deadline Nears
Trump Media bought 4,359 Bitcoin last quarter and now holds 15,649 Bitcoin worth about $1.16 billion
The company pledged 73 percent of its Bitcoin to an options program and holders of its $1 billion notes can demand cash on November 30
Trump Media warned it may need to sell Bitcoin if other financing is not arranged
Risk is high a forced sale near $74,000 would add pressure to an already weak market
$BTC
#HotCPIDecemberHikePriced
Trump Media bought 4,359 Bitcoin last quarter and now holds 15,649 Bitcoin worth about $1.16 billion
The company pledged 73 percent of its Bitcoin to an options program and holders of its $1 billion notes can demand cash on November 30
Trump Media warned it may need to sell Bitcoin if other financing is not arranged
Risk is high a forced sale near $74,000 would add pressure to an already weak market
$BTC
#HotCPIDecemberHikePriced
