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Trump Media & TAE target Q4 2026 merger close, but scrap Truth Social spin-off plans. Read the latest DJT updates.
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Trump Media & Technology Group is abandoning its Bitcoin treasury strategy after reporting a $190 million paper loss on its crypto holdings. The company, which entered Bitcoin near its all-time high of $126,000, is pivoting back to its core media and advertising business. The article warns that timing the crypto market is futile and recommends a long-term buy-and-hold strategy for Bitcoin investors.
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Transaction values PlusAI at approximately $800 million pre-money equity valueTransaction potentially brings up to approximately $300 million in capital between $60+ million of fully committed financing and the Texas