Trump Media Moves 4,259 Bitcoin Pledged for $1 Billion Notes
Photo: TokenPost
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.
Source: TokenPost
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