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Arkham Analyst Correction: Donald Trump's Media Technology Group Did Not Sell 2,000 BTC; the Transfer Was Made as Collateral
Svmuu News: Arkham analyst Emmett Gallic has corrected his earlier statement regarding the sale of 2,000 BTC by the media technology group Donald Trump. He stated that he has deleted the relevant tweet and clarified that the company did not sell Bitcoin, but rather delivered 2,000 BTC to a counterparty as collateral.Gallic noted that since the relevant Bitcoin is no longer under the company’s control, it has been removed from the balance sheet. Under the terms of the arrangement, the counterparty may, at its discretion, re-pledge or otherwise dispose of the collateral, including through sale.
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