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A major institutional Bitcoin move just surfaced. Trump Media & Technology Group's latest 10-Q filing reveals they scooped up 11,542 BTC back on September 26—at an average entry of $118,530 per coin.
That's roughly $1.37 billion worth of Bitcoin locked in at what was near cycle highs at the time. The disclosure marks one of the more aggressive corporate treasury moves into crypto this year, especially from a media-focused public company.
Interesting timing too. While the exact strategic rationale hasn't been detailed in the filing, this positions the company as a notable Bitcoin holder in the corporate space. Whether this signals a broader treasury diversification play or ties into future business models remains to be seen.
Either way, when a Trump-affiliated entity drops over a billion into BTC, the market notices. Keep an eye on how this plays into their Q4 strategy and shareholder messaging.