Trump Media’s Bitcoin Treasury Stack Reaches $2 Billion As Company Furthers Push Into Crypto
Main Idea
Trump Media and Technology Group disclosed holding $2 billion in Bitcoin, making up a significant portion of its liquid assets, and has plans to expand its cryptocurrency-related initiatives.
Key Points
1. Trump Media and Technology Group holds $2 billion in Bitcoin, accounting for about two-thirds of its $3 billion in liquid assets.
2. The company has an additional $300 million allocated for acquiring Bitcoin-linked equity options, which may be converted to spot Bitcoin based on market conditions.
3. CEO Devin Nunes mentioned plans to introduce utility tokens across the Truth Social platform.
4. The company raised $2.3 billion through the sale of common stock and is among the top Bitcoin holders among publicly traded Wall Street companies.
5. Trump Media has launched several cryptocurrency-related products, including Bitcoin ETFs and a Truth Social Crypto Blue Chip ETF tracking multiple cryptocurrencies.
6. President Donald Trump’s sons co-founded a Bitcoin mining firm, American Bitcoin, which has purchased around $23 million in BTC since April.
7. Trump’s crypto initiatives include the launch of a Solana-based meme coin (TRUMP) on the World Liberty Financial platform.
Description
Trump Media and Technology Group disclosed on Monday that it currently holds roughly $2 billion in Bitcoin and Bitcoin-related assets.
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