UPDATED SAT 14 NOV · 13:54 UTC
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Trump Media faces $1bn debt crunch as bitcoin bet fades

The FT reports Trump Media group is staring down a $1bn debt crunch as its bitcoin holdings strategy loses momentum.

Three gold-coloured bitcoins on a black surface
Three gold-coloured bitcoins on a black surface. Photo: Dmytro Demidko, via Unsplash
By the Global Eye 24 deskFIRST REPORTED SAT 14 NOV · 13:54 UTC · UPDATED SAT 14 NOV · 13:54 UTC
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$1bnDebt crunch faced by Trump Media (FT)

Not yet known

  • Whether Trump Media can cover its $1bn debt as its bitcoin strategy loses momentum

What we know

The FT reports that the Trump Media group faces a $1bn debt crunch as its bitcoin bet fades, amid a broader bitcoin decline.

Bitcoin (BTC/USDT)
$66,565 +3.1% · 3 mo
$62,751$75,073$87,39617 Aug1 Oct 2614 NovThis story
Daily candles (UTC). Source: Binance.

Sources

@FT

“Trump Media group stares down $1bn debt crunch as bitcoin bet fades”

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By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.