Shares of Trump Media & Technology Group ($DJT) fell by 10% after the announcement on May 27, 2025, regarding the establishment of a $2.5 billion bitcoin reserve. According to posts on X, investors sold shares worth $50 million, marking the largest sell-off since late 2024. The company, associated with Donald Trump, faced mixed reactions for its decision to invest in bitcoin. While bitcoin is considered a promising asset, the market perceived the news as risky due to the cryptocurrency's volatility and regulatory uncertainty.
Trump Media, which manages the Truth Social platform, had previously shown growth due to Trump's support and his crypto initiatives. However, the announcement involving significant investments in bitcoin raised concerns about the company's financial stability. Analysts note that the drop in shares could be temporary, but investors remain cautious due to macroeconomic factors, including Trump's new trade tariffs. Despite this, $BTC
remains in the spotlight, and Trump's initiatives may contribute to its wider adoption.
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