Trump Media & Technology Group (TMTG) has reported a significant reduction in its Bitcoin holdings, as detailed in its latest 10-K filing and analyzed by Arkham analyst Emmett Gallic. The company's Bitcoin balance has decreased from 11,542 BTC to 9,542 BTC, representing a reduction of approximately 2,000 BTC.

According to the filing, this 2,000 BTC reduction was not due to a sale. Instead, the Bitcoin was provided as collateral to a counterparty, who retains the discretion to rehypothecate the assets. As TMTG no longer exercises control over these specific Bitcoin assets, they have been derecognized from the company's balance sheet.

#crypto #blockchain #news #BTC #Bitcoin