Trump Media has allocated about 73% of its Bitcoin to an options program. Under its terms, the counterparty can reuse the pledged coins, while the company receives premiums in BTC and reinvests them through a digital asset manager.
At the same time, holders of $1 billion in convertible bonds may demand repayment in cash on November 30. Trump Media is considering a combination of cash and credit, but does not guarantee it can secure new financing on acceptable terms.
According to Bitcoin Magazine, the company reported net income of $409.7 million in the third quarter, driven by an increase in the value of its digital assets.