Trump Media Don Post $3.1B Assets for Q2 and $2B Bitcoin Reserves

Trump Media & Technology Group don report say dem get total assets worth $3.1 billion for Q2 2024, increase by 18% from last quarter and nearly 800% from last year. The big rise come from one smart Bitcoin reserves plan wey now dey 65% of their portfolio with $2 billion holdings. Dem raise $2.4 billion for im Bitcoin vault, making dem one of the biggest publicly listed Bitcoin holders. For Q2, Trump Media make their first positive operating cash flow of $2.3 million, showing better operational work. Plus, the group file many crypto ETF registration statements for Bitcoin, Ethereum and other top digital assets funds, showing say dem dey push into regulated digital-asset products. Traders suppose watch the waka of corporate Bitcoin reserves, ETF approval progress and cash flow milestones as dem be signs of market feeling and institutional crypto adoption.
Bullish
Trump Media don increase their corporate Bitcoin reserves plus dem get $2 billion holdings, e show say institutional demand for Bitcoin strong well well. Plus, dem get dia first positive operating cash flow and dem don file plenty crypto ETF for Bitcoin and Ethereum, e make market confidence strong pass before. Dis kind development fit make Bitcoin get better long-term appeal as balance-sheet asset and e fit push price rise more. Short-term wahala fit happen around ETF approval updates but market overall still dey bullish because more people dey use am and financial metrics don improve.