Trump Media's Bitcoin Treasury Reserves Push BTC Price to $110,000

When Trump Media made a new announcement concerning Bitcoin, its price broke out to $100,00. According to the company, $2.5 billion worth of Bitcoin has just been added to its treasury reserves. This shows that companies might now consider Bitcoin an important factor in their financial plans.

Trump Media & Technology Holdings (TMTH) has announced a $2.5 billion investment in Bitcoin. The company will receive $1.5 billion in common stock and another $1 billion in convertible notes. Bitcoin held by TMTH will be kept securely by two large crypto custodians—Crypto.com and Anchorage. The company will treat the cryptocurrency much like cash and conventional assets, signaling a higher level of trust in the virtual currency.

TMTH is a new media and technology company that is focused on creating content and products that will appeal to a broad audience. The company is founded by former President Donald Trump and several prominent Republican figures.

The investment in Bitcoin is a significant move for TMTH, which is still in the early stages of its development. However, the company's founders are well-known and respected, and the company's stock is already publicly traded.

The company's announcement comes amid a broader trend of institutional investors pouring money into Bitcoin. In recent months, several large companies, including Tesla and MicroStrategy, have made significant investments in the cryptocurrency.

This demand has helped to push Bitcoin's price to new all-time highs. The cryptocurrency is now trading at around $110,000, up more than 10,000% from its all-time low in 2011.

Bitcoin Sees Increase Shortly After Treasury Deal

Within hours of the news, BTC rose sharply in value. A chart on the CryptoRank.io website revealed that the crypto’s worth began to rise rapidly, from 13:00 (GMT+2) on May 27, going up from about $109,400 to reach $110,399 within just minutes.

This jump demonstrates how traders responded to the news as they hope more institutions will adopt Bitcoin.

Lower Volatility in Prices May Bring in New Institutions

Bitcoin had been rallying strongly on Bitstamp’s chart before the news was announced. Over the past month, buyers have taken control as the price keeps increasing steadily.

With RSI at 67, the market is starting to look overbought, yet the positive trend remains strong. Analysts also noted that bullish momentum is strong, as indicated by the MACD line, which is currently above the signal line.

Recent interest in buying has kept volume levels steady, and today, volume is likely being driven higher by this news. Indicators point to the market being ready for an increase, and when the Trump Media announcement came, BTC’s price surged even more.

Since BTC is now worth over $110,000, the latest gain might encourage more big companies and investors to add this top digital asset to their investment portfolio.