TechFlow News: On February 28, Arkham analyst Emmett Gallic previously posted on X stating that Trump Media & Technology Group confirmed the sale of 2,000 BTC (valued at $175 million) in its Form 10-K filing with the U.S. Securities and Exchange Commission. In his latest post, however, he deleted that tweet and issued a correction clarifying that Trump Media & Technology Group delivered 2,000 BTC as collateral to its counterparty. The counterparty retains full discretion over whether to re-pledge the collateral. Since Trump Media & Technology Group no longer exercises control over these bitcoins, it removed them from its balance sheet. Nevertheless, the counterparty holds full authority to determine how to handle the bitcoin collateral—including selling it subsequently.
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