# 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.

- Published: 2026-11-11T05:35:20.767Z
- Canonical: https://polylog.news/crypto/2026-11-11/trump-media-has-pledged-73-of-its-bitcoin-to-an-options-coun
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [Bitcoin Magazine (Trump Media)](https://bitcoinmagazine.com/news/trump-media-pledges-73-percent-bitcoin), [The Block](https://theblock.co/news/business/2026-08-11-trump-media-records-360-6-million-unrealized-loss-on-digital-assets-in-first-half-of-the-year-411394), [CryptoSlate (MARA)](https://cryptoslate.com/mara-dumps-bitcoin-to-erase-a-750m-collateral-risk/), [CryptoSlate (Strategy)](https://cryptoslate.com/strategys-strc-hit-100-but-common-stock-still-funded-last-weeks-bitcoin-purchases/), [Bitcoin Magazine (Miami-Dade)](https://bitcoinmagazine.com/news/miami-dade-takes-bitcoin-property-taxes), [Bitcoin Magazine (Texas)](https://bitcoinmagazine.com/news/texas-bill-invest-10-million-bitcoin), [Polylog editors](https://polylog.news)

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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