In a surprising move, Trump Media & Technology Group (stock symbol: DJT) announced the purchase of Bitcoin worth 2 billion dollars, which represents more than two-thirds of the company's cash liquidity.
🔹 Deal details:
2 billion dollars converted directly to Bitcoin
An additional 300 million dollars allocated for derivative investments linked to Bitcoin
Goal: Financial protection from banking discrimination, and laying the groundwork for launching a digital currency on the Truth Social platform
🔹 Immediate results:
DJT stock rises by 8% after the announcement
Positive reaction in the crypto market, with increasing institutional confidence in Bitcoin as a reserve asset
🔹 Why does this matter to you?
Trump Media's entry strengthens Bitcoin as a strategic asset for companies
Buying pressure on Bitcoin could drive prices higher
Other media and tech companies may follow suit in the coming months
