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Trump Media Loses $455M on Bitcoin
Published 2 days, 6 hours ago
Description
Trump Medias recent sale of 2,650 bitcoin, valued at $250 million, marks another shift in their crypto holdings, originally bought at over $118,000 per coin. This move comes amidst financial struggles, including a $400 million Q1 loss and minimal revenue. The companys crypto strategy faces scrutiny as they grapple with unrealized losses and market volatility.
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