Trump Media and Technology Group has invested $300 million in a strategy to participate in options linked to Bitcoin related securities
On July 28th, according to Bloomberg, Trump Media and Technology Group (TMTG) revealed last week that it has invested $300 million in a strategy to participate in Bitcoin related securities linked options. Although many details are still unclear, this investment indicates that Trump media is shifting towards leveraging the price of Bitcoin. Trump's posts on his social media account "Truth Social" have pushed up the price of this cryptocurrency in the past, and options strategies can help investors profit from this price volatility. Castle Island Ventures partner Nick Carter stated that he voted for Trump and still supports him, but his connections with the industry may create conflicts of interest, especially when options trading brings different risks and returns.