Trump Media & Technology Group disclosed about 15,649 BTC in holdings at September 30. Holders of its $1 billion of convertible notes can demand cash repayment on November 30, 2026, and the company warned it may lack the cash or financing to pay.
Trump Media & Technology Group disclosed about 15,649 BTC in holdings at September 30, an increase of roughly 1,510 BTC from its previously reported July-end balance. The disclosure comes as the company approaches a potential $1 billion cash demand from convertible-note investors.
Filing splits holdings between wallets and options pledges
The Truth Social operator's quarterly filing, filed November 9, lists 4,263.94 BTC in digital assets and another 11,385.20 BTC pledged for its options strategy. Together, those positions total 15,649.14 BTC. Its previous report put holdings, including pledged bitcoin, at approximately 14,139 BTC on July 31.
However, the disclosed total is not all freely available bitcoin. Bitcoin committed to the options strategy can be reused by the trading counterparty at that counterparty's discretion. The filing also identified 4,260.73 BTC as collateral for the notes at September 30.
Noteholders can demand $1 billion on November 30
The notes carry a zero coupon and mature in May 2028, but an early repurchase provision lets holders demand 100% of principal in cash this month. Trump Media warned that exercising those rights could require approximately $1 billion, plus any accrued and unpaid interest. In its latest filing, the company said it could seek a new credit facility to refinance some or all of the notes before the November 30 repurchase date.
Meanwhile, the September-end snapshot predates the recently reported movement of 4,259 BTC to Crypto.com, so it does not establish the company's balance after that transfer. In November 6 commentary, markets host Scott Melker said wallets labeled as collateral for the 2028 notes moved the coins. He cautioned: "moving to an exchange does not necessarily mean that they sold."
Source: The Defiant
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