Trump Family's Crypto Empire Soars with $900 Million Bitcoin Stake
Trump Media has significantly increased its Bitcoin (BTC) holdings to 14,139 BTC, valued at nearly $900 million. This represents a notable increase from June's 9,477.16 BTC.
The development suggests that Trump Media bought the dip and may continue to do so. Despite reporting a $238 million net loss in the second quarter, the firm remains bullish on Bitcoin (BTC).
Eric Trump has been vocal about his support for the cryptocurrency landscape. However, the family's crypto dealings have come under scrutiny recently due to the CLARITY Act.