🇺🇸 What's happening? Trump Media and Technology Group has received SEC approval to arrange $2.3 billion to purchase Bitcoin to hold it as a reserve on the balance sheet alongside $759 million in cash assets.
📊 Why is this important? This is one of the largest Bitcoin treasury deals by a public company, following MicroStrategy and GameStop. Additionally, Trump previously signed an economic order to establish a Strategic Bitcoin Reserve for the U.S., aiming to hold BTC as a government reserve using stolen coins.
📈 How does this affect BTC?
Market signal: BTC is perceived as a "government asset", which enhances trust.
Institutions get the green light — other companies may follow Trump Media.
Increased volatility: the movement of large sums could make a sudden spike in demand or supply possible.
