So that Arkham analyst, Emmett Gallic, initially said that Trump Media & Technology Group sold 2,000 BTC worth $175 million according to the 10-K report to the SEC. But then he updated and deleted his tweet, it turns out he misunderstood. The fact is, Trump Media didn't sell their bitcoin, but instead pledged it as collateral (collateral) to the counterparty. What's interesting here is that they can perform rehypothecation or re-pledging—the counterparty has full rights to manage the collateral, including the possibility of selling it later. Since Trump Media no longer controls the bitcoin, they removed it from their balance sheet. But this isn't a sale; it's more like a leverage mechanism that typically occurs in large transactions. It's fascinating how bitcoin can move from one party to another through collateral mechanisms like this.