$BTC Trump Media launches a mega BTC fund: what does it mean for the market?

Donald Trump is seriously entering the crypto universe. His company, Trump Media & Technology Group, recently completed a fundraising of 2.3–2.5 billion dollars to create a Bitcoin Treasury—🚀 a few hundred thousand BTC in its corporate treasuries.

The SEC-backed (S-3 registration already approved on June 13) marks a strategic play in the style of Michael Saylor: BTC as an institutional reserve asset.