Analyst corrects report on "Trump Media & Technology Group selling 2,000 BTC": Transferred as collateral to counterparty, related tweet has been deleted.
TechFlame
2026-02-28 04:57
TechFlame2026-02-28 04:57
English
Arkham analyst Emmett Gallic previously posted on platform X that Trump Media & Technology Group confirmed the sale of 2,000 BTC (worth $175 million) in its 10-K report filed with the U.S. Securities and Exchange Commission. According to his latest post, he has deleted this tweet and issued a correction, clarifying that Trump Media & Technology Group delivered the 2,000 bitcoins as collateral to a counterparty. The counterparty has the discretion to decide whether to rehypothecate the collateral. Since Trump Media & Technology Group no longer controls these bitcoins, they have simply removed them from their balance sheet. However, the counterparty retains full authority over how to handle the bitcoin collateral, including the potential sale of the bitcoins.