Arkham Analyst Correction: Trump Media & Technology Group Did Not Sell 2000 BTC, Instead Transferred as Collateral


Arkham Analyst Emmett Gallic corrects the previous statement regarding Trump Media & Technology Group selling 2000 BTC. He stated that the related tweets have been deleted and clarified that the company did not sell Bitcoin, but instead delivered 2000 BTC as collateral to the counterparty.
Gallic said that since the relevant Bitcoin is no longer controlled by the company, it has been removed from the balance sheet. According to the arrangement, the counterparty can decide whether to re-pledge or otherwise dispose of the collateral, including selling. $BTC
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