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Trump Media Soars 10.77% on $3 Billion Crypto Bet
Generated by AI AgentAinvest Pre-Market Radar
Tuesday, May 27, 2025 4:50 am ET1min read
Trump Media surged 10.77% in pre-market trading on May 27, 2025, driven by a significant announcement regarding its cryptocurrency investment plans.
Trump Media has unveiled an ambitious $3 billion cryptocurrency investment strategy, focusing on Bitcoin and other digital assets. The company plans to launch exchange-traded funds (ETFs) and meme coins, capitalizing on the recent surge in Bitcoin prices, which have exceeded $109,000. This move underscores the Trump family's growing confidence in digital assets as a hedge against the declining U.S. dollar and economic uncertainties.
Despite denying a Financial Times report that suggested the company was planning to raise $3 billion for cryptocurrency investments, Trump Media's stock has continued to rise. The company's strategy includes major crypto acquisitions and a significant boost to its Bitcoin holdings, positioning itself as a key player in the digital asset market ahead of the 2025 Bitcoin Conference in Las Vegas.
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