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The South Korean firm sold its last 88 BTC to clear $6M of debt, a quiet exit from the corporate treasury trade it once pitched with $1B of firepower behind it.
The 56M shares plus 29M convertibles are the source of funds, not the trade. The real question is whether DJT sells its BTC into weakness to defend its own equity — or waits.
The pause is not a liquidation — it's a rejection of the financing arbitrage that powered the MicroStrategy treasury model, and the Standard Chartered viability threshold sits squarely behind it.
Block, the fintech company led by Jack Dorsey, has grown its bitcoin treasury to nearly 9,000 BTC following an addition…
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