Post
Lisa_06
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Trump Media just shared its latest earnings report and the crypto side is now a huge part of the story. The company posted a big loss in the first quarter mostly because the value of its Bitcoin and CRO holdings dropped during the period.
DJT now holds more than 9500 Bitcoin along with a large amount of CRO tokens. Even with the recent loss the company is still pushing hard into crypto and keeps building its Bitcoin treasury strategy.
A large part of the Bitcoin holdings is also being used as collateral while some is tied to options deals to reduce price risk. Revenue growth was small but the focus clearly looks bigger than the media business now.
Many people are watching this because it shows how public companies are starting to treat Bitcoin like a long term reserve asset instead of just a trade.
#Bitcoin #TrumpMedia #CryptoNews
DJT now holds more than 9500 Bitcoin along with a large amount of CRO tokens. Even with the recent loss the company is still pushing hard into crypto and keeps building its Bitcoin treasury strategy.
A large part of the Bitcoin holdings is also being used as collateral while some is tied to options deals to reduce price risk. Revenue growth was small but the focus clearly looks bigger than the media business now.
Many people are watching this because it shows how public companies are starting to treat Bitcoin like a long term reserve asset instead of just a trade.
#Bitcoin #TrumpMedia #CryptoNews
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