Trump Media & Technology Group held 15,649 Bitcoin valued at $1.31 billion at the close of Q3 2026, up 35.4 percent from Q2 2026, according to the company's earnings report.
Of that total, 73 percent—11,524 BTC—sits pledged as collateral for options trades. This is where the story matters: Trump Media is not passively hodling. The company is financing derivatives positions against its Bitcoin treasury, which means it is borrowing against appreciated assets to fund leveraged bets on price movement.
Using Bitcoin as collateral for options allows Trump Media to retain upside exposure while deploying capital into derivative strategies that generate yield or hedge existing positions. This signals a treasury operation running active financial engineering, not buy-and-hold conviction.
Trump Media also held 756.1 million CRO tokens, unchanged from Q2 2026. The flat CRO position alongside aggressive Bitcoin expansion reveals a clear hierarchy: Bitcoin is the core collateral and growth vector; CRO is static baggage.
