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Trump Media Expands Bitcoin Treasury to 15,649 BTC Following $112 Million Third-Quarter Purchase

Trump Media & Technology Group expanded its cryptocurrency treasury reserve by purchasing 1,510 Bitcoin valued at approximately $112 million, elevating total holdings to 15,649 BTC valued at $1.31 billion as of September 30. The disclosure also revealed seven million shares in BlackRock's iShares Bitcoin Trust and helped fuel $409.7 million in quarterly net income, driven by digital asset gains. Meanwhile, crypto analyst Ali Martinez noted Bitcoin is retesting a key moving average support level near $74,780, showing technical patterns reminiscent of its 2023 recovery cycle as corporate accumulation continues.

Category

Bitcoin

Sentiment

Bullish

Event

Analyst flows

Reading time

1 min