News
  • Nidhi Kolhapur
    author-profile
    Nidhi Kolhapur right arrow
    Author

    Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

    • author facebook
    • author twitter
    • linkedin
  • Reviewed by: Qadir AK
    author profile
    Qadir AK right arrow
    Reviewed

    Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

    • author facebook
    • author twitter
    • author linkedin
  • 1 minute read

Trump Media’s Bitcoin Treasury Hits $2 Billion, Plans More Buys as DJT Jumps 6.5%

Trump Media and Technology Group Corp, the company behind Truth Social, Truth+, and Truth. Fi, has announced that it has invested about $2 billion in Bitcoin and related securities. This equals to roughly 17,000 BTC at current prices, which marks a bold step in its ongoing Bitcoin treasury strategy.

Trump Media Eyes More Crypto Buys Ahead

This massive crypto stash now makes up about two-thirds of the company’s $3 billion in liquid assets. In addition to this, Trump Media has also put aside around $300 million to buy bitcoin options. The company plans to keep buying more bitcoin and related assets, and may convert these options into actual bitcoin depending on market conditions. These assets will help generate revenue and could be used to buy even more crypto in the future.

Trump Media’s CEO and President Devin Nunes said, “We’re rigorously implementing our publicly announced strategy and fulfilling our bitcoin treasury plan. These assets help ensure our Company’s financial freedom, help protect us against discrimination by financial institutions, and will create synergies with the utility token we’re planning to introduce across the Truth Social ecosphere.”

The CEO noted that holding these assets can help protect against unfair treatment by banks and will also support the new utility token they’re planning to launch on Truth Social.

DJT shares jumped 6.5% after the news. 

Trump Media Doubles Down on Bitcoin

Previously, Trump Media had announced a $400 million share buyback program. It was clarified that this would not impact Trump Media’s $2 billion bitcoin treasury strategy, which remains fully intact.

The buyback follows the company’s $2.5 billion private funding round involving around 50 institutional investors. The capital is being used to build a bitcoin treasury, with Crypto.com and Anchorage Digital handling custody services.

With $2 billion already in BTC and more buys planned, the company is clearly embracing Bitcoin as a core strategic reserve. Bitcoin is currently trading at $118,993, up 0.5% in the last 24 hours.

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:

Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Show More

Related Articles

Back to top button