Trump Media's Big Bitcoin Bet
Trump Media, known for Truth Social, now holds $2 billion in Bitcoin. This makes up two-thirds of its $3 billion in liquid assets.
CEO Devin Nunes says this strategy helps the company achieve "financial freedom" and protects it from unfair treatment by banks. He also mentioned plans for a new digital token for Truth Social.
Trump Media's move is similar to MicroStrategy's Bitcoin strategy, but it also makes a political statement. The company sees Bitcoin as a way to fight against traditional institutions. This bold move could inspire other conservative companies to invest in crypto. The future success of this strategy, however, depends on Bitcoin's performance.
