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Trump Media’s stock (DJT) surged 3% after announcing a $2 billion Bitcoin investment, reinforcing its commitment to cryptocurrency. The company also revealed plans for a utility token within its Truth Social ecosystem. This move aligns with broader regulatory support for digital assets under the GENIUS Act.
- Trump Media allocated $2 billion to Bitcoin, making up 66% of its $3 billion assets.
- The company plans to launch a utility token for Truth Social and invest $300 million in Bitcoin securities.
- President Trump's GENIUS Act has accelerated stablecoin adoption, including USD1 by World Liberty Financial.
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