Trump Media Pledged 11,385 Bitcoin. Could a $1 Billion Note Demand Force It to Sell?
247wallst.com examines whether a $1 billion demand for cash on November 30, 2026 from holders of Trump Media's convertible notes could force the company to sell some of its Bitcoin. Trump Media has pledged 11,385 BTC in an options strategy, with 4,264 unpledged, and 24/7 Wall St. expects it would tap the unpledged coins first, with any 8-K filing after November 30 the clearest signal of what happened. CEO Kevin McGurn said the balance sheet gives the company flexibility, though the quarterly report offered no guidance on meeting a cash demand.
