In the most recent twist to the continuous Elon Musk— Donald Trump daytime soap– equivalent parts politics, ego, and passive-aggressive social networks jabs– Trump might have simply landed a monetary haymaker.
When Billionaires Do Not Tweet– They Purchase Bitcoin
Not with a tweet, not with a golf swing, however with a digital war chest. Trump Media & & Innovation Group Corp DJT, the moms and dad of Fact Social, now holds an approximated $2 billion in Bitcoin BTC/USD and associated crypto properties, rising previous Tesla Inc‘s TSLA more modest $1.35 billion stash (at present BTC costs).
For anybody keeping rating, yes– that’s Trump, out-bitcoining Elon.
Related: Trump Media Stock Increases As Bitcoin Purchases Cross $2 Billion
On paper, this is simply a business balance sheet upgrade. However in billionaire truth television terms, it’s pure gold (or possibly digital gold, if you will). After years of public jabs, damaged bromance vibes, and Fact Social vs. X brawls, Trump’s crypto flex might simply be his newest kind of shade.
He didn’t require a rocket, a robotaxi, or a humanoid AI– simply great old bitcoin to take the spotlight from Musk’s electrical empire.
From Memes To Moonshots– Now It’s Individual
The competition in between Trump and Musk has actually never ever required much oxygen. Musk as soon as declared Trump was “too old” to be president. Trump fired back, calling Elon a “bull artist” and stating that Musk would be “useless without federal government aids.” And while their fight over social platforms fizzled into disorderly app-store spats, this crypto face-off seems like the start of Season 3 of Billionaire Fight: Journal Edition
Obviously, Trump didn’t actually state he holds more bitcoin than Musk– that’s not his design. However the message in between the blockchain lines is tough to miss out on.
Tesla has actually downsized its crypto holdings because 2021, while Trump Media– buoyed by retail interest, memes, and a growing MAGA-themed digital community– seems leaning even more in. Whether it’s a tactical bet, a hedge, or just a strong branding relocation is up for dispute.
The Numbers Behind The Flex
According to Trump Media’s newest disclosure, the business now holds around $2 billion in bitcoin and associated securities, representing two-thirds of its $3 billion in liquid properties. It has actually likewise designated $300 million to choices connected to bitcoin-linked properties, indicating strategies to continue collecting BTC in time.
On the other hand, Tesla holds 11,509 BTC, worth around $1.35 billion at the present currency exchange rate of $117,608 per bitcoin. The electrical carmaker as soon as led the business bitcoin race however has actually because drawn back, leaving space for Trump’s MAGA-fueled media empire to claim crypto supremacy– in the meantime.
What occurs next? Potentially a tweet, a retort, possibly a Mars coin. However something’s clear: when Trump counters, he periodically does it in Satoshis.
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Image developed utilizing expert system through Midjourney.