On July 28, according to Bloomberg, Trump Media & Technology Group (TMTG) revealed last week that it has invested $300 million in a strategy involving options linked to Bitcoin-related securities.
Although many details remain unclear, this investment indicates that Trump Media is moving towards leveraging Bitcoin prices. Trump's posts on his social media platform "Truth Social" have previously boosted the price of this cryptocurrency, and the options strategy can help investors profit from such price fluctuations.
Nick Carter, partner at Castle Island Ventures, stated that while he voted for and continues to support Trump, his connection to the industry could create potential conflicts of interest, especially given the different risks and returns associated with options trading.
