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#TrumpBTCTreasury Trump's media company, TMTG (Truth Social), is making waves with its bold plan to amass a substantial Bitcoin treasury, aiming for $2.5 billion. This follows SEC approval of their capital raise, positioning TMTG to become a major corporate Bitcoin holder, mirroring MicroStrategy's strategy. CEO Devin Nunes champions Bitcoin as "financial freedom," envisioning its integration across their platforms for payments and a potential utility token. This move is part of a broader pro-crypto stance from Donald Trump, who now aims to make the US the "crypto capital." While offering potential benefits like inflation hedging and appealing to crypto investors, this strategy carries risks associated with Bitcoin's price volatility and potential shareholder dilution. TMTG's significant Bitcoin accumulation marks a notable intersection of media, politics, and cryptocurrency in Pakistan and globally.
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$BTC Bitcoin ($BTC) is experiencing a volatile week, largely influenced by geopolitical tensions between Israel and Iran, which sparked a broad crypto market sell-off. BTC dipped from recent highs, now hovering around $105,000, with analysts eyeing $100,000 as crucial support. Despite the short-term price pressure, institutional interest remains robust. US spot Bitcoin ETFs have seen nearly $1 billion in net inflows this week, primarily driven by BlackRock's IBIT. This contrasts with Ethereum ETFs, which experienced outflows. News of companies like Trump Media considering Bitcoin for their treasuries, and advancements in Cardano's BTC DeFi, highlight growing utility and adoption. While some analysts warn of potential further consolidation, strong ETF demand suggests long-term bullish conviction in Bitcoin's resilience.
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