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📅 Time: July 25, 22:00 – July 29, 22:00 (UTC+8)
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Trump Media & Technology Group has invested 300 million dollars to participate in strategies related to Bitcoin-linked securities options.
BlockBeats news, on July 28, according to Bloomberg, Trump Media & Technology Group (TMTG) revealed last week that it has invested $300 million in strategies related to Bitcoin-linked securities options. Although many details remain unclear, this investment indicates that Trump Media is turning to capitalize on Bitcoin prices. Trump's posts on his social media account "Truth Social" have previously driven up the price of this crypto asset, and options strategies can help investors profit from such price fluctuations. Castle Island Ventures partner Nick Carter stated that he voted for Trump and still supports him, but his connections to the industry may create conflicts of interest, especially given that options trading presents different risks and returns.