publicly traded companies buying bunches of bitcoin

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Donald Trump speaks at the Bitcoin 2024 Conference July 27, 2024, in Nashville, Tenn. Credit: AP Photo/Mark Humphrey, File

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.

The companies buy bitcoin for different reasons: Some hold it as a hedge against inflation or to signal support for the…

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