Main notes
- Trump has $ 2 billion in Bitcoin, about 66 % of its liquid assets.
- The stock increased by 8.19 %, to reach $ 20.22, which is the highest level.
- Bitcoin ETF plans with BTC, ETH, Sol, CRO and XRP.
The Trump group announced on July 21 that the accumulation of bitcoin assets and the assets related to Bitcoin is now two billion dollars and represents about two -thirds of its total liquid assets of about 3 billion dollars.
The company’s share reached $ 20.22 per share Declared in a press release. This activity represents an increase for one month and recovered at the lowest level in the summer at $ 17.40 in late June.
According to the press statement, Trump Media will continue to “obtain bitcoin and bitcoin assets” with plans to convert their options into instant Bitcoin, “depending on market conditions.” The CEO of the company and President Devin Nunes said that the company “strictly” strategies publicly announced to meet the treasury plan in Bitcoin. He added that the assets purchased will help “create a symbol” with the planned company code.
A strategy for an encrypted currency
The last acquisitions of Bitcoin and Bitcoin related to bitcoin followed the signing of President Donald Trump on the law of the genius in the law. The Genus Law, or the Law of Guidance and the Establishment of the National Innovation of the American Stablecoins Law, is the first major encoded currency legislation in the United States and sets the organizational instructions for the operation of Stablecoins.
In the aftermath of the legislation, the founders of investors mocked their encrypted property with heavy weights such as Michael Sailor Microstrategy buy 6,220 bitcoin For 739.8 million dollars at $ 118,940 and SEQUANS calls Get 1,264 bitcoin For 150 million dollars at an average price of $ 118,659.
The relevant topic: Coinspeaker for the best encryption portfolios
The Bitcoin acquisition plan was $ 2.3 billion Approved by the Supreme Education Council In June. Meanwhile, on July 8, Trump is the media Introduction from the papers with the Supreme Education Council To launch Etf Cryptocurrency Cryptocurrency “Chip” that consists of Bitcoin, Ethereum, Solana, Cronos and XRP.
Trump Media, which owns and runs the social media platform, TRKHE+ Streaming and Trothfi Fintech, is a separate entity on President Trump’s political endeavors.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Tristan is a technology journalist and editor -in -chief with 8 years of experience in covering science, technology, financing, politics and business. Before joining Coinspeaker, he wrote for Cointelegraph and TNW.
The post Trump Media Stock Sees 8% Bump as Bitcoin Holdings Reach $2B first appeared on Investorempires.com.
