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Trump Media and Technology Group Invests $300 Million in Options Linked to Bitcoin-Related Securities
Summary: According to Bloomberg, Trump Media and Technology Group (TMTG) revealed last week that they have invested $300 million in options linked to Bitcoin-related securities. While many details remain unclear, this investment indicates Trump Media is shifting towards leveraging Bitcoin prices. Trump's posts on his social media account Truth Social have previously boosted the price of ...
According to Bloomberg, Trump Media and Technology Group (TMTG) revealed last week that they have invested $300 million in options linked to Bitcoin-related securities. While many details remain unclear, this investment indicates Trump Media is shifting towards leveraging Bitcoin prices. Trump's posts on his social media account Truth Social have previously boosted the price of this cryptocurrency, and options strategies can help investors profit from these price fluctuations. Castle Island Ventures partner Nick Carter stated that he supports Trump and still does, but his ties to the industry may create conflicts of interest, especially when options trading brings different risks and rewards.
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Link: Trump Media and Technology Group Invests $300 Million in Options Linked to Bitcoin-Related Securities [Copy]
