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Morning Edition · Wednesday, November 11, 2026Published at 12:35 AM EST · New York
Trump Media Has Pledged 73% of Its Bitcoin to an Options Counterparty as a $1 Billion Note Deadline Nears
MARA sold bitcoin to remove a $750 million collateral risk and Strategy relied on common stock sales, while Miami-Dade County accepts bitcoin for taxes but holds none.
Trump Media's third-quarter quarterly report shows 11,385 of its roughly 15,649 bitcoin pledged to an options program whose counterparty can reuse the coins, according to Bitcoin Magazine. Nearly all of the remainder is also committed, and…
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Bitcoin Treasury Companies Encumber or Sell Their Coins
As rates rise and bitcoin weakens, listed companies that hold bitcoin increasingly pledge, lend or sell their coins to meet debt and collateral obligations, turning corporate treasuries from steady demand into a possible source of supply and counterparty risk.
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