Trump's Social Network Invests $2.5 Billion in Bitcoin
Trump Media & Technology Group, owner of the social network Truth, has announced an investment of $2.5 billion in Bitcoin. This operation, which includes $1.5 billion in stocks and $1 billion in convertible bonds, aims to establish a "bitcoin treasury" for the company. Despite the company's losses and limited revenues, its market value stands at $5.1 billion, primarily based on its association with Donald Trump. This investment reflects a growing institutional adoption of cryptocurrencies and could influence market perception. What do you think about traditional companies entering the crypto world? Follow me for more news and analysis on the institutional adoption of cryptocurrencies.
