Trump Media Reports 15,649 BTC Ahead of Debt Put
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Trump Media disclosed holdings of 15,649 BTC ahead of a November 30 debt put that lets noteholders demand up to roughly $1 billion in cash. Much of the disclosed bitcoin was committed to an options strategy, leaving the company's liquid reserves in focus as the redemption window approaches. The mix matters because the put could force a large cash outlay at a moment when a chunk of the balance sheet is tied up in derivatives rather than freely available. Investors will watch how much of the $1 billion is actually tendered and whether Trump Media unwinds options positions or sources cash elsewhere to meet redemptions.
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