#TrumpBTCTreasury
---
🟠 Event Summary:
Trump Media & Technology Group (TMTG) has received approval to raise $2.3 billion from investors to purchase Bitcoin and add it to its balance sheet.
The company also plans to launch an ETF fund that gives investors direct exposure to Bitcoin.
This move makes it one of the first companies linked to a political figure to adopt a "Bitcoin treasury" strategy.
This comes after Trump's official support for Bitcoin and the establishment of a "Strategic Bitcoin Reserve" by the U.S. government.
---
🔍 What this step means:
It represents a new trend in the business and political world towards adopting Bitcoin as a strategic asset.
It could impact the market by encouraging other companies and even governments to do the same.
But it also carries risks due to Bitcoin's volatility.
---
