According to Bitcoin Magazine citing Trump Media's Q3 10-Q filing, out of approximately 15,649 Bitcoins held as of September 30, 11,385.20 Bitcoins are pledged as collateral for an option yield management program, with counterparties permitted to rehypothecate them at their discretion. Another 4,260.73 Bitcoins secure $1 billion in convertible notes. Noteholders could demand a cash repurchase at principal on November 30, while the actual maturity of the notes is May 2028; the company was unable to determine the repurchase amount required at the time. These arrangements entail restricted asset usage and counterparty risk, meaning the entire holding cannot be considered readily available for use.