The Trump Media & Technology Group has invested $300 million to participate in a strategy involving options linked to Bitcoin-related securities.
BlockBeats News, July 28th, according to Bloomberg's report, Trump Media and Technology Group (TMTG) disclosed last week that it has invested $300 million in a strategy involving options linked to Bitcoin-related securities.
While many details are still unclear, this investment indicates that Trump Media is turning to leverage Bitcoin's price. Trump's past social media posts on his "Truth Social" account have boosted the price of this cryptocurrency, and options strategies can help investors profit from this price volatility.
Castle Island Ventures partner Nick Carter stated that he voted for Trump and still supports him, but his connection to the industry could pose conflicts of interest, especially when options trading brings different risks and rewards into play.
You may also like
Gainers
Latest Crypto News
Trump Says Fed Chair Should Cut Interest Rates, Reiterates Criticism of Powell
In the past 24 hours, the entire network liquidated $376 million, with the majority coming from the largest short position
The probability of a 25 basis point interest rate cut by the Federal Reserve in December is currently at 87.2%.
Trump: Will Announce New Fed Chair in Early Next Year
Coinbase International Site to Launch DASH Perpetual Contract Trading
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]