Oh, yes, folks, you read that right! Trump Media and Technology Group Corp, the wizards behind Truth Social, Truth+, and Truth.Fi, has announced that it has invested about $2 billion in Bitcoin and related securities. At current prices, it’s roughly 17,000 BTC. That’s a lot of 🪙, even for a 🦀!
Trump Media’s Crypto Appetite Grows: More Buys on the Horizon 🌄
This move is part of their ongoing Bitcoin treasury strategy and now makes up roughly two-thirds of their $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. It’s like a 🐍 eating its own tail, but with more 💰!
Trump Media’s CEO and President Devin Nunes said, “We’re rigorously implementing our publicly announced strategy and fulfilling our bitcoin treasury plan.” He added 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. It’s like having a 🛡️ against the 🦁 of the financial world!
DJT shares jumped 6.5% after the news. 📈
Previously in May, Trump Media shared plans to raise $2.5 billion to buy Bitcoin. It has already spent a large chunk of that money, placing the company in the same league as others like MicroStrategy, that are holding Bitcoin as a key reserve asset. It’s like they’re playing a game of 🎲 with the crypto gods!
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2025-07-21 16:37