The MULN stock received a slight pre-market boost after the company issued an announcements informing customers that it would be accepting Bitcoin, TRUMP and other cryptocurrencies for electronic vehicle purchases.
According to an official press release, the Nasdaq-listed Mullen Automotive Inc. now accepts purchases made in cryptocurrency, specifically Bitcoin (BTC) and the official TRUMP (TRUMP) memecoin. This means that traders can purchase both Mullen and Bollinger commercial electric vehicles by paying in crypto.
In addition to the two cryptocurrencies mentioned, the company also plans to accept other types of crypto as it continues to delve into crypto payment acceptance. Without mentioning any other specific tokens, the firm hinted at accepting “popular meme[coins] and stablecoins” sometime in the future.
Shortly after the news of the the automobile company accepting crypto payments broke, the pre-market price for the MULN stock jumped by 2.07% to 0.7758. Compared to the previous price upon close, it marks a significant jump in the MULN stock’s value after it took a 15.5% dive.
Unfortunately, the news did not do much for the price performance of both tokens mentioned by Mullen. At press time, Bitcoin has dropped 1.07% in the past 24 hours. Despite having nearly reached the $108,000 just a day prior, the largest cryptocurrency by market cap is currently trading at $106,801.
On the other hand, TRUMP fell by 1.32% in the past 24 hours. Much like other memecoins in the top 10, TRUMP’s presidential memecoin status has not made it immune to the decline spreading across the altcoin market. The token is currently trading at a price of $8.90.
CEO and chairman of Mullen Automotive observed that cryptocurrency adoption is on the rise. By expanding its payment options, it hopes to cater to a previously untouched customer segment of crypto traders.
“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,” said Michery in his statement.
So far, in 2025 many institutions across the globe have started accepting cryptocurrency payments, including the American fast-food chain Steak ‘N Shake as well as Lomond School in the United Kingdom.
