Trump Media bitcoin holdings may now be near pledged loan collateral after $165 million transfer

CoinDesk reported that wallets linked to the parent company of Truth Social now appear to hold roughly the same amount of bitcoin that the company had previously pledged as collateral for notes, after a $165 million BTC movement. That shift has put the company’s next quarterly filing in focus. The key question is whether recent transfers to Crypto.com were simply custody-related movements or actual sales. The report, written by Shaurya Malwa and published on Aug. 3, 2026, points to the remaining wallet balances as the main clue for assessing the company’s current bitcoin position. Until the next 10-Q is filed, the status of those transferred coins remains unresolved. For market participants, the filing is likely to serve as the clearest test of whether the company still holds the assets beyond the amount already tied to loan collateral, or whether its accessible bitcoin stash has effectively fallen back to the pledged level.