Trump Media Denies $3 Billion Crypto Investment Plan

President Donald Trump’s media company, Truth Social, denied reports of a $3 billion investment plan for Bitcoin and other cryptocurrencies. The denial follows scrutiny of Trump’s ties to digital assets like meme coins and NFTs. Meanwhile, other companies are expanding their cryptocurrency holdings. Blockchain Group raised $72 million to acquire 590 BTC, aiming to control 1% of Bitcoin’s total supply by 2032. Strategy, the largest corporate Bitcoin holder, acquired an additional 4,020 BTC worth $427.1 million, boosting its holdings to over 580,250 BTC. However, executive stock sales and a securities fraud lawsuit cast a shadow on Strategy’s share price.