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Trump Media Sees $361 Million Crypto Loss After Bitcoin Holdings Shrink

Guavy AI Editorial Team
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Trump Media's Bitcoin holdings have shrunk significantly due to substantial losses in the cryptocurrency market. According to CoinDesk, the company's crypto losses amount to $361 million.

This development comes as a surprise given Trump Media's initial foray into digital assets and its potential for long-term growth. However, the cryptocurrency market has been notoriously volatile, with prices fluctuating rapidly.

Bullish (NYSE:BLSH), the institutionally focused global digital asset platform that owns CoinDesk, may also be impacted by these losses. As part of Bullish's investment in digital assets, CoinDesk employees, including journalists, may receive equity-based compensation.

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