Trump Media’s Bitcoin Treasury Reaches $2 Billion, DJT Stock Spikes 6%

Trump Media and Technology Group Corp. has confirmed that its Bitcoin holdings are now worth $2 billion, making up a significant portion of its liquid assets. Amid the announcement, DJT rallied by over 6% while the top cryptocurrency has recorded an uptick amid new institutional interest.

Trump Media Racks Up $2 Billion In Bitcoin

According to a press release, the Trump Media and Technology Group has disclosed the value of Bitcoins held on its balance sheet. According to the official statement, the parent company of Truth Social and Truth.Fi holds $2 billion worth of Bitcoin at current prices.

Trump Media revealed that apart from the bitcoins on its balance sheet, it also holds bitcoin-related securities, but the statement did not disclose their valuation. However, its Bitcoin holdings make up two-thirds of Trump Media’s liquid assets, with the company revealing plans to pursue a Bitcoin strategy.

Currently, $300 million has been earmarked toward  an “options acquisition strategy for bitcoin-related strategies.” Per the report, market conditions will determine if the options will be converted into spot Bitcoin.

Previously, an S-3 filing hinted that Trump Media is raising capital for probable Bitcoin purchases.

This is breaking news.

✓ Share:

Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.