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Trump Media Buys $2 Billion in Bitcoin for Crypto Treasury Plan
Trump Media & Technology Group Corp., the firm behind Truth Social, has acquired about $2 billion in Bitcoin and related securities as part of its previously announced plan to become a crypto treasury company. In addition, about $300 million in capital was allocated to an options acquisition strategy for Bitcoin-related securities, the company said in a statement Monday. Trump Media plans to continue acquiring Bitcoin and Bitcoin-related assets and to convert its options into Bitcoin, depending on market conditions. In May, Trump Media joined the scores of companies emulating the crypto treasury strategy ... (full story)
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