MULN Stock Jumps 2% as Company Accepts BTC and TRUMP Coins!
Mullen Automotive Embraces Cryptocurrency for Vehicle Purchases
Mullen Automotive’s New Payment Options
Mullen Automotive Inc. has announced a significant development in its payment methods, allowing customers to buy electric vehicles using cryptocurrencies. This decision has led to a modest increase in the pre-market performance of MULN stock.
Cryptocurrency Acceptance Announcement
In a recent press release, the Nasdaq-listed company revealed that it will now accept Bitcoin (BTC) and the TRUMP memecoin as valid payment options for its electric vehicles. This initiative enables customers to purchase both Mullen and Bollinger commercial electric vehicles using these digital currencies.
Future Plans for Cryptocurrency Integration
Mullen Automotive is not stopping at just Bitcoin and TRUMP; the company has indicated plans to expand its cryptocurrency payment options. While specific tokens have not been disclosed, the firm has hinted at the potential acceptance of popular meme coins and stablecoins in the near future.
Stock Market Reaction
Following the announcement, MULN stock experienced a pre-market rise of 2.07%, reaching a price of $0.7758. This increase is particularly noteworthy as it comes after a previous decline of 15.5% in the stock’s value.
Impact on Cryptocurrency Prices
Despite the positive news for Mullen, the prices of Bitcoin and TRUMP have not shown similar gains. Bitcoin has seen a decline of 1.07% over the past 24 hours, trading at approximately $106,801 after briefly nearing $108,000. Meanwhile, TRUMP has also dropped by 1.32%, currently valued at $8.90, reflecting the broader downturn affecting many altcoins.
Insights from Mullen’s Leadership
Mullen Automotive’s CEO and chairman emphasized the growing trend of cryptocurrency adoption. By diversifying its payment methods, the company aims to reach a new demographic of customers who are active in the crypto space. “The increasing acceptance of cryptocurrency as a form of payment expands Mullen’s ability to deliver its product to a broader audience at the commercial and consumer levels,” stated Michery.
Global Trends in Cryptocurrency Acceptance
The move by Mullen Automotive aligns with a broader trend observed in 2025, where various institutions worldwide, including the American fast-food chain Steak ‘N Shake and Lomond School in the UK, have begun to accept cryptocurrency payments. This shift indicates a growing recognition of digital currencies in mainstream commerce.
