Arkham Analyst Corrects: Trump Media & Technology Group Did Not Sell 2,000 BTC; They Were Transferred Out as Collateral

Odaily News Arkham analyst Emmett Gallic has corrected his previous statement regarding Trump Media & Technology Group selling 2,000 BTC. He stated that he has deleted the related tweet and clarified that the company did not sell Bitcoin, but rather delivered the 2,000 BTC as collateral to a counterparty.

Gallic explained that since the related Bitcoin is no longer under the company's control, it has been removed from the balance sheet. According to the arrangement, the counterparty has the discretion to rehypothecate or otherwise dispose of the collateral, including selling it.