Funding
Trump Media Pledges Bitcoin to Options Program
Trump Media & Technology Group has pledged approximately 73% of its 15,649 bitcoins to an options program, with the counterparty allowed to reuse the coins. The company disclosed this in its third-quarter 10-Q filing, which also mentions that about 4,260 bitcoins are held as collateral for convertible notes. The filing indicates that the pledged bitcoins have a fair value of $951.4 million at the quarter-end.