The news regarding Trump's Bitcoin treasury reflects the complex intertwining of his policies and business interests. On June 14, the Bitcoin treasury transaction of Trump Media & Technology Group came into effect, incorporating Bitcoin into the corporate balance sheet. Although it did not immediately raise funds, it highlights the intention behind their allocation of crypto assets.

This move can be seen as a response to his 'crypto capital' policy, but when considering the financial disclosure that his family profited over $57.7 million from cryptocurrency business, it inevitably raises dual suspicions of 'policy endorsement' and 'interest transfer'.

From a market perspective, such initiatives continue the high volatility characteristics triggered by Trump's policies. After announcing the cryptocurrency reserve plan in March, Bitcoin surged in the short term but quickly fell back. Although this corporate-level operation did not directly impact the market, it reinforced the pattern of 'institutional control + retail speculation'.

It is worth noting that the strategic reserves established by the Trump administration were solely based on confiscated assets, without new purchases, leading to unmet market expectations. In contrast, the actions of this media group seem more like a corporate independent choice, which fundamentally differs from national strategic reserves.