Truth Social’s parent company, a Trump family-owned entity, announced that its Bitcoin ($BTC) holdings now amount to $2B, surpassing Elon Musk’s Tesla’s more ‘modest’ $1.35B-worth of $BTC.
This brings the former allies’ rivalry to yet another dimension, from social media to the crypto space. The winner, of course, is Bitcoin, which continues to be the world’s most valuable digital asset.
And as demand for the #1 crypto grows, Bitcoin-related projects win too. A good example is Bitcoin Hyper ($HYPER), which aims to deliver speed, low fees, and scalable smart contracts for $BTC users.
Trump Media Now Owns $2B in Bitcoin, Wants to Acquire More
In a press release posted yesterday, Trump family-owned Trump Media revealed that it has now accumulated about $2B-worth of Bitcoin and Bitcoin-related securities.
The company, which operates the Truth Social platform, added that it set aside another $300M to acquire options for Bitcoin-related securities.
With its growing $BTC stockpile, Trump Media has now overtaken Tesla’s 11,509 $BTC, worth about $1.35B. According to the Bitcoin Treasuries website, Trump Media is now the fifth public Bitcoin treasury company, with Tesla occupying the top nine spot.
Tesla CEO Elon Musk used to be a major supporter of US President Donald Trump. Musk contributed $288M to Trump’s presidential campaign in 2024, making him the biggest political donor at the time.
The two, however, have fallen out in spectacular fashion, detailing the split on their respective social media platforms — Musk on X and Trump on Truth Social.
But despite the falling out of the former political friends, the real winner here is Bitcoin.
While $BTC continues to struggle to return to $120K, it remains the most highly sought after cryptocurrencies in the market.
It’s currently up by 1.21% in the last 7 days and trading at $118K, according to CoinMarketCap.
Bitcoin’s preferred status has primarily been driven by institutional investors such as Strategy and Metaplanet, which continue to ramp up their Bitcoin stockpiles at seemingly any price.
Then there’s electric power sports company Volcon, which plans to add itself to a growing list of corporate Bitcoin investors. In a statement, the company announced that it has launched its own Bitcoin treasury strategy.
Using over $500M in private placement to acquire Bitcoins, Volcon aims to boost its $BTC holdings, which are currently at 280.14 $BTC.
Projects related to Bitcoin also benefit from institutional investments, as these bring much-needed attention, especially to token presales such as Bitcoin Hyper ($HYPER).
Bitcoin Hyper ($HYPER) — Helping Bitcoin Adapt to the Modern Crypto Market
As valuable and attractive as Bitcoin is, it’s bogged down by slow transaction speeds, high fees, and limited scalability. That’s why the Bitcoin Hyper ($HYPER) project team is raising funds to develop an SVM-powered Layer-2 solution to decongest the main Bitcoin network.
Once launched, the L2 will deliver transaction speeds that are faster than Solana. Plus, it will facilitate bridging $BTC between Layers 1 and 2 seamlessly while retaining the robust security the Bitcoin network is known for.
Holding $HYPER offers a number of benefits within this upcoming ecosystem, including governance rights. These rights will allow you to participate in DAO decisions and community proposals, giving you a direct hand at shaping the project’s future.
Aside from that, you can also get exclusive access to select network utilities, like dApps and DeFi platforms. Of course, you can also use $HYPER to pay for gas fees on the L2.
Staking is also available if you prefer to earn passive rewards. The reward rate is currently at 233% p.a., but note that this can still change as more investors lock in their tokens.
$HYPER tokens are fairly affordable at only $0.01235 each. But there’s an upcoming price increase in a few hours, so it’s best to act as quickly as you can.
To learn more about the project, you can check out the Bitcoin Hyper whitepaper.
To become part of the community, all you need to do is buy $HYPER tokens from the Bitcoin Hyper presale page.
Connect your crypto wallet, enter the number of tokens you want to buy, and pay with fiat or crypto and you’re good to go. You can return to claim your tokens once the presale ends in Q4 this year.
There’s No Stopping the Bitcoin Hype Train
With Trump Media getting ready to ramp up its Bitcoin acquisition strategy and Volcon planning on joining the fray, there’s definitely no stopping organizations from boosting their respective $BTC stockpiles.
While it’s yet unclear when $BTC will try to reach yet another ATH, you can be sure that Bitcoin Hyper ($HYPER) and other Bitcoin-related projects will ride the hype. Everybody wins as a result, whether you’re a whale or a casual investor.
But before you invest in crypto, be sure to do your research first. This is not investment advice and crypto has no guaranteed returns.
This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.
Source: https://bravenewcoin.com/sponsored/presale/trump-overtakes-musk-bitcoin-match-hyper-rides-the-hype
