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Donald Trump Media Technology Group (DJT) will abandon its Bitcoin strategy after losing nearly $200 million on cryptocurrency investments.
Donald Trump Media Technology Group (DJT), which previously announced plans to transform into a Bitcoin reserve company, currently holds 12,062 Bitcoin. However, due to the continuous decline in Bitcoin prices, the company recently reported an unrealized loss of $190 million on its cryptocurrency holdings. Affected by this, Donald Trump Media will adjust its strategy to refocus on its core media and advertising businesses.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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