Trump Media posts $238M quarterly loss, discloses Bitcoin collateral risks
- —Q2 net loss was $238.11 million on revenue of $1.67 million, up from $883,300 a year earlier
- —The company held roughly 14,139 BTC valued at $890.52 million as of July 31
- —Bitcoin held by third parties may be rehypothecated or liquidated without notice if collateral terms are breached
- —Convertible note holders can demand cash repayment on November 30
Why it matters: The disclosure highlights how corporate Bitcoin treasuries can turn into forced-selling risk for public companies.
Source: TokenPost