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Trump Media Launches Family Token and Invests in Bitcoin

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by Giorgi Kostiuk

3 hours ago

Trump Media & Technology Group (TMTG) has made a move into cryptocurrency by investing $2 billion in Bitcoin and planning to launch its own token.

Investment in Bitcoin

The Donald Trump-founded Trump Media & Technology Group has acquired $2 billion in Bitcoin. This initiative is part of their strategy to expand into crypto markets.

Market Reaction

The stock of Trump Media rose by 9% following the announcement of the shift to cryptocurrency. Investors have responded positively to the company's new plans, which could lead to increased institutional flows and further price changes for Bitcoin.

Comparisons with Tesla

Trump Media’s investment in Bitcoin is being compared to Tesla's similar $1.5 billion purchase in 2021. Analysts suggest that while short-term price gains are possible, long-term stability will depend on market acceptance and TMTG's success in the crypto space.

Trump Media's investment in Bitcoin and plans for a token highlight the growing trend of cryptocurrency integration into corporate structures, which may influence the market in the future.

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