Donald Trump Jr. Invests in Bitcoin

Mlion.ai News: Donald Trump’s son, Donald Trump Jr., purchased approximately 350,000 shares of the social media company Thumzup Media Corp. through a $6 million convertible preferred stock private placement arranged by Dominari Securities. These shares are valued at over $4 million based on the previous closing price. Thumzup Media Corp. is a currently unprofitable social media company that has invested most of its liquid assets in Bitcoin since January of this year, currently holding over $2 million worth of Bitcoin, and plans to expand its portfolio to include another six cryptocurrencies.

Mlion.ai Commentary

Good news for BTC! The Trump family bets on the crypto track, and Thumzup's $2 million Bitcoin reserve sparks imagination. The signal from big players entering the market is strong, but the gamble of a loss-making company could become a market risk.