Trump Media & Technology Group (TMTG) has received approval from the Securities and Exchange Commission (SEC) to invest up to $2.5 billion in Bitcoin. This allows them to proceed with plans to add Bitcoin to their treasury.
Bitcoin as a Shield and a Tool
TMTG CEO Devin Nunes explained the decision, stating that a Bitcoin treasury will protect the company from what he called unfair treatment by traditional financial institutions. He also highlighted Bitcoin’s potential use in subscription payments and other company transactions across their platforms, Truth Social and Truth+.
Expanding the Patriot Economy
Nunes emphasized TMTG’s aggressive growth strategy, encompassing expansion of their social media, streaming TV, and fintech offerings. He sees the Bitcoin investment as a key component in building a strong and independent company within what he calls the “Patriot Economy.”
Disclaimer: This information is for general knowledge only and is not financial advice. Investing in Bitcoin is risky, and you should always do your own research before making any investment decisions.
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