Trump Media bought another 4,662 BTC in Q2, now holding 14,139 total. At the current price of $64,330, that's a paper gain of around $910 million. They're pushing bitcoin as a reserve asset, but they also lost $238 million in the same quarter. So crypto is basically becoming their main hedge on the balance sheet.
One risk to watch: lawmakers are pushing ethics rules that could force them to sell. If that happens, 14,139 BTC hitting the market is roughly $900 million worth of selling pressure. And with BTC's weekly volume shrinking, that could create a short-term ceiling. P...
One risk to watch: lawmakers are pushing ethics rules that could force them to sell. If that happens, 14,139 BTC hitting the market is roughly $900 million worth of selling pressure. And with BTC's weekly volume shrinking, that could create a short-term ceiling. P...