💥Trump Media Adopts Bitcoin as Corporate Reserve
Trump Media and Technology Group (TMTG) has announced its adoption of the "Saylor Strategy," allocating a significant portion of its assets, including $759 million in cash and investments, to create a corporate Bitcoin reserve. This move seeks to protect the company from traditional financial volatility and anti-crypto hostility, marking its entry into the growing race for cryptocurrency accumulation by large corporations. The investment, backed by a $2.5 billion capital raising round, positions TMTG to explore new initiatives in the crypto space, including subscription payments and a utility token, with Bitcoin custody handled by Crypto.com and Anchorage Digital.
