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Paper losses and scrapped ETFs. What Trump Media’s 2,650 BTC transfer really means

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Digital asset treasuries (DATs) and the broader practice of building corporate Bitcoin reserves became hugely popular in 2024 and 2025, thanks in large part to the success of Strategy, whose "flywheel" many tried to replicate.

Paper losses and scrapped ETFs. What Trump Media’s 2,650 BTC transfer really means

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