Trump Media & Technology Group Has Invested $300 Million in Bitcoin-Related Securities Options
PANews July 28 news, according to Bloomberg, the Trump family has been involved in various fields of the crypto industry, and its latest move provides another way to profit from the digital asset boom - and it may be larger and faster. Trump Media Technology Group said last week that it had invested $300 million in an option acquisition strategy linked to Bitcoin-related securities. Although the details are still unclear, this shows that Trump Media is turning to trading tools that may achieve leveraged exposure to Bitcoin prices. The strategy can help the company profit from the violent price fluctuations caused by Trump's social media posts.
"Unlike just holding the underlying asset, the option strategy adds time and price factors," said Steve Sosnick, chief strategist at Interactive Brokers. "Key details of the option strategy have not yet been disclosed, including what the underlying asset is. Bitcoin-related securities can be stocks of spot ETFs, common stocks of crypto companies, or convertible bonds issued by companies such as Michael Saylor's Strategy. However, options can be leveraged bets on price increases, and if the price fails to reach the preset strike price, the option may become worthless.
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Crypto execs met with US lawmakers to discuss Bitcoin reserve, market structure bills
Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more
