Trump Media confirmed an investment of 2.4 billion USD in Bitcoin, reflecting a significant development in its financial strategy as assets now total approximately 3.1 billion USD. Despite reporting a 20 million USD net loss, they achieved a positive operating cash flow of 2.3 million USD.
The investment positions Trump Media for involvement in cryptocurrency ETFs and the upcoming platform Truth+, which will feature a utility token. The cryptocurrency community is awaiting further details from regulatory bodies that could impact this strategy.
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