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The Independent UK

National

Alan Suderman

Crypto's hottest new trend: publicly traded companies buying bunches of bitcoin

Bitcoin Crypto Donald Trump Michael Saylor Geoff Kendrick MicroStrategy Cryptocurrency

Trump Media Bitcoin - (Copyright 2024 The Associated Press. All rights reserved)

It’s one of crypto’s hottest trends: publicly traded companies buying bitcoin and then buying even more.

President Donald Trump’s media company just announced a plan to raise $2.5 billion to buy bitcoin, joining a growing number of so-called “bitcoin treasury companies” as the world’s most popular cryptocurrency hits all-time highs.

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