Arkham Analyst Clarifies Trump Media's Bitcoin Transaction

Arkham analyst Emmett Gallic has corrected his previous statement regarding Trump Media & Technology Group's handling of 2,000 BTC. According to ChainCatcher, Gallic clarified that the company did not sell the Bitcoin but instead delivered it as collateral to a counterparty. Gallic explained that since the Bitcoin is no longer under the company's control, it has been removed from the balance sheet. The arrangement allows the counterparty to decide whether to repledge or otherwise dispose of the collateral, including selling it.