US President Donald Trump’s media group and Tesla, the electric carmaker owned by tech billionaire Elon Musk, are among an increasing number of companies buying huge amounts of bitcoin. The aim? To diversify reserves, counter inflation and attract investors, analysts say. Companies frequently own bitcoin — the largest cryptocurrency by market capitalization — to take part in sector activities such as “mining”, which refers to the process of validating transactions in exchange for digital tokens. Tesla has previously accepted payments in bitcoin, while Trump Media soon plans to offer crypto investment products. Other ... (full story)