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Can Trump Media’s $293M Bitcoin bet push BTC back above $65K?
['Lennox Gitonga', 'Written By', 'Reviewed By', 'Benjamin Njiri', 'Muriuki Lazaro', 'Gladys Makena', 'Adewale Olarinde']
AMBCrypto
Bitcoin [BTC] slipped below the $65K price level where it had stabilized over the past month.
Will this move help BTC price reclaim $65K even as recovery efforts remain tentative?
Trump Media shifts focus on BTC after Q2 lossAccording to a report from the U.S. SEC, the Trump Media team sold equity securities and invested the capital in Bitcoin in the second quarter of the year.
ADThe Trump Media team disclosed they had added 4,662 BTC worth more than $293 million at an average fee of $62,982.
Since the start of June, BTC price has been stabilizing between the $62K and $66K levels.