From a 60% plunge to betting on Bitcoin? The United States company is gambling big on the future! The United States' Trump Media & Technology Group is shifting its focus from social media to the crypto and financial services sector. The background isn't easy—since the 2024 election, the company's stock price has fallen over 60%, erasing about $6 billion in shareholder wealth. But a turning point has arrived: the company has recently applied to launch a blue-chip crypto ETF and plans to establish Bitcoin reserves. This series of actions sends a clear signal—they are trying to leverage the crypto market to find new growth engines. Logically, this is a classic case of "high risk for high reward." When traditional business growth is limited, embracing crypto assets is both a self-rescue and a bet on future trends.

BTC-0.6%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin