Trump Media Stock Gains After-Hours As On-Chain Data Shows Company-Linked With President Purchased Bitcoin Worth $40 Million
Bullish
66.2
Trump Media and Technology Group (NASDAQ:DJT) purchased Bitcoin (CRYPTO: BTC) worth over $40 million on Monday, according to on-chain data.
Trump Media’s stock is gaining positive traction. Why are DJT shares climbing?
Trump Media’s BTC Reserve Now Worth Over A Billion
The firm, minority-owned by President Donald Trump, bought roughly 451 BTC, worth $40.30 million, from cryptocurrency exchange Crypto.com via 3 transactions, according to Arkham.
The latest grab boosted Trump Media’s Bitcoin portfolio to 11,542 BTC, valued at $1.02 billion at the prevailing prices.
The company hasn’t officially confirmed the purchase as of this writing. Benzinga has reached out for a confirmation.
See Also: Trump’s ...Full story available on Benzinga.com
Trump Media’s stock is gaining positive traction. Why are DJT shares climbing?
Trump Media’s BTC Reserve Now Worth Over A Billion
The firm, minority-owned by President Donald Trump, bought roughly 451 BTC, worth $40.30 million, from cryptocurrency exchange Crypto.com via 3 transactions, according to Arkham.
The latest grab boosted Trump Media’s Bitcoin portfolio to 11,542 BTC, valued at $1.02 billion at the prevailing prices.
The company hasn’t officially confirmed the purchase as of this writing. Benzinga has reached out for a confirmation.
See Also: Trump’s ...Full story available on Benzinga.com
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