Claims purporting that Trump Media & Technology Group (TMTG) holds a $2.4 billion Bitcoin investment strategy remain without official confirmation.
No verifiable evidence or official statements from TMTG management substantiate assertions about the strategy or the alleged role of Bitcoin holdings within the company’s operations.
Devin Nunes, CEO of TMTG, issued a denial regarding announcements of any cryptocurrency Exchange-Traded Fund (ETF) linked to the company’s Truth Social platform.
Market analysts and experts have expressed caution over the unverified claims. They stress that credible disclosures are paramount when evaluating genuine institutional adoption of assets like Bitcoin.
Current market data places Bitcoin’s price at $113,720.52, reflecting a 1.31% decrease over the past 24 hours, with a total market capitalization of approximately $2.26 trillion.
Industry observers point to high-profile examples, including MicroStrategy and Tesla’s treasury allocations, as cases underlining how transparent and verified corporate disclosures are critical for maintaining market confidence.