Trump Media & Technology Group Acquires $2 Billion in Bitcoin for Treasury Reserves
Trump Media and Technology Group Corp. (Nasdaq, New York Texas: DJT) announced today that the company has accumulated approximately $2 billion in Bitcoin and Bitcoin-related securities as part of its previously announced Bitcoin treasury strategy.
These assets now represent about two-thirds of Trump Media's roughly $3 billion in liquid assets.
Additionally, around $300 million in extra capital has been allocated for a strategy focused on acquiring options tied to Bitcoin securities. Trump Media plans to continue purchasing Bitcoin and related assets and may convert its options into spot Bitcoin depending on market conditions. These assets will be used by the company to generate revenue and potentially acquire additional crypto assets.
Trump Media CEO and President Devin Nunes stated:
“We are strictly executing our publicly declared strategy and delivering on our plan to build a Bitcoin treasury. These assets help ensure our Company’s financial freedom, protect us from discrimination by financial institutions, and will create synergy with the utility token we plan to implement within the Truth Social ecosystem.”
See also: "US Treasury Secretary Promises Dollar and Blockchain Integration"
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