Trump Media, owned by former US President Donald Trump, made headlines with a statement that caused a stir in the cryptocurrency world. According to the company's statement, the total value of its Bitcoin and similar digital assets is approaching $2 billion.
This massive portfolio accounts for approximately 66% of the company's total liquid assets. Trump Media shares, which trade on the Nasdaq under the symbol “DJT,” rose by up to 9% following the announcement when the markets opened.
Last Friday, Trump signed the GENIUS Act, a bipartisan bill aimed at spreading cryptocurrency across the country. The bill aims to promote blockchain infrastructure and digital payment systems.
Trump's cryptocurrency investments and legal support initiatives reinforce his claim to be a strategic player not only in politics but also in media and finance. This explicit support for the digital economy is seen as a significant indicator shaping the future of cryptocurrencies in the US.
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