Trump Media Discloses $2 Billion in Bitcoin Treasury
The post Trump Media Discloses $2 Billion in Bitcoin Treasury appeared on BitcoinEthereumNews.com.
Trump Media now holds $2 billion in Bitcoin and related assets. The purchase follows SEC approval on June 13 for a $2.3 billion crypto treasury plan. $300 million has also been allocated to Bitcoin options acquisition. Donald Trump’s Trump Media and Technology Group has announced it now holds $2 billion in Bitcoin and BTC-related securities, a massive allocation that accounts for two-thirds of the company’s $3 billion in liquid assets. Bitcoin Strategy Update In the press statement, the company said the crypto reserves are part of a broader plan to protect financial independence. It added that the assets would support future revenue generation and possible expansion into other digital assets. Related: David Sacks Backs Trump’s GENIUS Act Push to Make US Undisputed Crypto Leader The company also set aside an additional $300 million for acquiring bitcoin-related options. Management stated that these may be converted to bitcoin, depending on market conditions. Trump Media also said its digital asset holdings will create “synergies” with Truth Social’s upcoming token. While the company did not provide a timeline for the token launch, it said crypto will play a central role across its brands. Notably, the company operates Truth Social, a social media platform that promotes free speech, and Truth+, a streaming service. It is also preparing to launch Truth.Fi, a fintech and financial services platform focused on “America First” investment strategies. SEC Cleared the Path in June The company received the green light from the SEC after filing an S-3 form on June 6. This filing allowed Trump Media to register the resale of shares to fund its digital asset strategy. The company raised $2.3 billion from 50 investors through the sale of 56 million equity shares and 29 million convertible notes. The SEC’s approval gave Trump Media the authority to build one of…
