Trump Media Set to Join Top 5 Bitcoin Holders With $2.3 Billion Purchase 🇺🇸
Trump Media has finalized a deal to purchase over $2.3 billion worth of Bitcoin, making it one of the largest BTC holders globally. While the company's stock valuation rallied following the announcement, it may also lead to political ramifications for the crypto industry.
This purchase ties President Trump's personal brand even more closely to Bitcoin, raising potential conflicts of interest and further intertwining his business ventures with the crypto ecosystem. Comparatively, this acquisition positions Trump Media above Riot and just below Marathon and MicroStrategy in terms of Bitcoin reserves.
Despite some criticism, this move underscores the growing acceptance of Bitcoin among major corporate entities.
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