Deep Tide TechFlow News, February 28 — Arkham analyst Emmett Gallic previously posted on the X platform 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 that tweet and clarified that Trump Media & Technology Group delivered 2,000 Bitcoin as collateral to the counterparty, who can decide whether to re-mortgage it. Since they no longer control these Bitcoins, Trump Media & Technology Group simply removed them from its balance sheet. However, the counterparty has full authority to decide how to handle the Bitcoin collateral, including subsequent sale of the Bitcoin.
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Deep Tide TechFlow News, February 28 — Arkham analyst Emmett Gallic previously posted on the X platform 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 that tweet and clarified that Trump Media & Technology Group delivered 2,000 Bitcoin as collateral to the counterparty, who can decide whether to re-mortgage it. Since they no longer control these Bitcoins, Trump Media & Technology Group simply removed them from its balance sheet. However, the counterparty has full authority to decide how to handle the Bitcoin collateral, including subsequent sale of the Bitcoin.