Trump Media and Technology Group (DJT) had pledged 11,385.20 bitcoin, about 73% of its roughly 15,649 BTC as of September 30, to a bitcoin options program, Bitcoin Magazine reported on November 10 based on the company’s Q3 10-Q. The coins were valued at $951.4 million, and the filing says the counterparty can “rehypothecate at their sole discretion.” The counterparty is not named.
A separate 4,260.73 BTC, worth $356.1 million, is held as collateral for the company’s convertible notes and cannot be withdrawn until the note conditions are met, according to the report. Together the two buckets cover about 15,646 BTC.
Bitcoin Magazine said the options positions, which expired in October, included written calls on 4,838.40 BTC with strikes of $68,000 to $92,000 and written puts on 1,500 BTC with strikes of $75,000 to $80,000.
The note deadline is November 30, 2026. Holders of the $1 billion 0% senior secured convertible notes, which are due in May 2028, can demand cash repayment at full principal on that date, Bitcoin Magazine reported. That is a right, not a sign that holders will exercise it.
The report put holdings at about $1.16 billion at a bitcoin price near $74,200 on publication day, roughly $145 million below quarter-end value. The company also plans a December 14 shareholder vote on its TAE Technologies merger. Percentages and valuations are as reported by Bitcoin Magazine from the filing.
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