KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
What’s Going On? Trump Media & Technology Group — best known as the parent company of Truth Social — is no longer just a social media play. It’s evolving into something much riskier: a crypto-backed treasury asset holder . Closed up 3.2% Tuesday Bitcoin flirting with $120K Company now holds ~$2B in BTC & bitcoin-related securities That’s two-thirds of its liquid assets Another $300M allocated for options on BTC-related assets This is no joke. Trump Media is now a leveraged crypto bet , masked as a social media company. Why It Matters This move feels eerily familiar — think MicroStrategy ($MSTR) , the OG Bitcoin treasury bull. Trump Media raised $2.3B in May and appears to be going all-in on crypto. But the business case? Truth Social is still… well, uncertain. Zooming Out Despite this week’s rally: $DJT is down 41.8% in 2025 Bitcoin is up 28.2% S&P 500? +7.3% This rebound looks more like a Bi...