TechFinancial Times33m ago
Trump Media faces a Nov. 30 deadline
Trump Media faces a Nov. 30 deadline to repay up to $1B in convertible bonds sold last May to fund a "bitcoin treasury," as its shares are down 60+% this year
TL;DRTrump Media owes $1B by November 30; plummeting stock makes repayment difficult.
Why it matters: Company may need asset fire sales or debt, affecting crypto and social media startup ecosystems.
Trump Media faces a Nov. 30 deadline to repay up to $1B in convertible bonds sold last May to fund a “bitcoin treasury,” as its shares are down 60+% this year — Plunge in shares and cryptocurrency prices could force Truth Social owner to sell assets or take on costly new debt
Read full articleSource: Financial Times · Opens in new tab