No. of Recommendations: 3
$1b in cash is due\callable post-midterms (30nov) via 0% convertible bonds.
live pricing not available, not even on polymarket.
djt only has ~$200m cash on hand, much needed for salaries and bonus of its over-achievers.
key facts:
- endless paths to weasel out of payment
- face value = $1000 = 0.0001% (probably payable in trumpcoin)
from q2 djt investor call:
"Unknown Executive
And with nearly $1b in convertible notes coming due, what is the specific repayment or refinancing plan, cash, refinancing, conversion, or asset sales?
Phillip Juhan,CFO & Treasurer
Yes. So we're continuing to explore multiple options around the convertible notes. But our strong balance sheet as of June 30, 2026, puts us in a position to satisfy these liabilities as they come due.
Unknown Executive
And what portion of the $1.9b in gross financial assets is actually liquid and deployable versus committed or pledged to the yield program?
Phillip Juhan,CFO & Treasurer
Sure. So as of June 30, 2026, we had over $400 million of cash + short-term investments that were fully liquid and unencumbered. An additional $1.2b of bitcoin and related assets could be a source of funds for future liquidity needs. And so I'll stop there."
