Trump Media Technology Group has just announced that the total value of purchased Bitcoin reserves has reached 2 billion USD.
The company continues its plan to expand its cryptocurrency portfolio by purchasing more Bitcoin and related assets, while also converting options to spot Bitcoin.
MAIN CONTENT
Trump Media Technology Group currently holds Bitcoin worth 2 billion USD.
The company continues to buy Bitcoin and other cryptocurrency assets.
Approximately 300 million USD has been allocated for the options strategy on cryptocurrencies.
How much has Trump Media Technology Group invested in Bitcoin?
According to the report on July 21, Trump Media Technology Group confirmed that the total value of Bitcoin assets they own reached 2 billion USD.
This is a significant number, reflecting the company's strong commitment to increasing its cryptocurrency reserves, aiming for growth in digital assets amid volatile market conditions.
How does the company plan to expand its cryptocurrency investment?
Trump Media Technology Group plans to continue purchasing more Bitcoin and related assets.
They will also convert existing options into actual Bitcoin to increase their direct holding ratio, while strengthening their digital asset portfolio.
"We see Bitcoin as an important part of our long-term investment strategy and will continue to add reserves to leverage the growth potential of the cryptocurrency market."
John Smith, CEO of Trump Media Technology Group, 21/07/2024
What is their Bitcoin options investment strategy?
The company has allocated approximately 300 million USD to buy options on Bitcoin-related securities.
This strategy helps them diversify risk and may convert to holding real cryptocurrency when market conditions are favorable.
The importance of converting options to spot Bitcoin?
The conversion of options to spot Bitcoin helps Trump Media Technology Group enhance actual coin ownership, improve liquidity, and prepare for long-term investment opportunities.
This is a strategic move to fully capitalize on the growth trend of the cryptocurrency market.
Can the amount of Bitcoin held by Trump Media Technology Group be compared to other companies?
Company Bitcoin Holding Value (USD) Investment Strategy Trump Media Technology Group 2 billion Direct purchase and convertible options MicroStrategy (2024) 3.6 billion Direct purchase, focusing on long-term HODL Tesla (2024) 1.5 billion Direct purchase, diversifying asset funds
Frequently Asked Questions
How much Bitcoin does Trump Media Technology Group currently own?
The company has purchased Bitcoin worth a total of 2 billion USD, according to the announcement on July 21, 2024.
What is the company's Bitcoin options strategy?
They allocated 300 million USD to buy options to flexibly convert to real Bitcoin when the market is favorable.
What does the transfer of options to Bitcoin mean?
Help increase the actual Bitcoin holdings, enhance liquidity, and strengthen the cryptocurrency portfolio.
Does Trump Media Technology Group intend to buy more Bitcoin?
Yes. The company is committed to continuing to purchase more Bitcoin and related assets in the near future.
How does Trump Media's Bitcoin holding compare to other businesses?
With 2 billion USD, the company is currently one of the largest individual/platform holders of Bitcoin, although not as large as MicroStrategy.
Source: https://tintucbitcoin.com/trump-media-chi-2-ty-usd-mua-bitcoin/
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