Trump Media Buys $2 Billion in Bitcoin, BTC Securities for Treasury
Trump Media & Technology Group has acquired $2 billion in Bitcoin and related securities, making Bitcoin the majority of its $3 billion in liquid assets. The company intends to use Bitcoin to generate revenue and acquire more crypto assets. CEO Devin Nunes stated that these assets ensure financial freedom and protect against discrimination by financial institutions. Trump Media plans to invest an additional $300 million in Bitcoin-related securities. The company's involvement in cryptocurrencies has increased, with President Trump's sons supporting crypto ventures and Trump himself launching a memecoin and an NFT collection. The Trump administration has reduced regulations on digital assets, recently signing a stablecoin regulatory framework into law. Trump Media reported a $400 million net loss in 2024 and its shares were trading at $19.78, up 6% in the last 24 hours but down 43% over the past year.
