Trump Media builds $2 billion bitcoin hoard, as crypto swells president's net worth

Trump Media's $2 billion Bitcoin buy shows business empire is now crypto empire

President Donald Trump’s media company just bought a stash of the world’s largest cryptocurrency. On Monday morning, Trump Media and Technology announced that it had acquired $2 billion in Bitcoin and Bitcoin-related securities. It also reserved $300 million to buy Bitcoin options.  The market appeared to approve of the move as stock in Trump’s firm jumped 7.2% on Monday morning from the previous close. It’s up 9% at almost $20 over the past wee…

Trump's media company announces massive $2B bitcoin investment as shares climb

President Donald Trump’s media and technology company is betting big on bitcoin.On Monday, Trump Media and Technology Group announced that the company has accumulated about $2 billion in bitcoin and bitcoin-related securities.The new bitcoin holdings now make up about two-thirds of Trump Media’s total liquid assets, worth approximately $3 billion, it announced in a press release."We’re rigorously implementing our publicly announced strategy and …

Trump Media Makes $2 Billion Bitcoin Bet

Trump Media and Technology Group, the company founded by President Donald Trump and parent of Truth Social, announced on Monday that it has acquired approximately $2 billion in bitcoin and bitcoin-related securities as part of its crypto treasury strategy. This latest acquisition comprises about two-thirds of the company’s $3 billion in liquid assets. The move came shortly after Trump signed the pro-stablecoin Guiding and Establishing National I…

From Truth Social to bitcoin empire: Trump’s $2 billion pivot

Donald Trump at the 2024 Bitcoin Conference in Nashville. (Johnnie Izquierdo via Getty Images)Since President Trump's election in November, the price of bitcoin has skyrocketed. On Election Day 2024, one bitcoin traded below $75,000. Last week, bitcoin reached an all-time high of over $123,000. (On Monday, it hovered around $118,000.)This is not an accident. Trump has systematically used the power of the presidency to promote bitcoin and other c…

Trump Media's $2 Billion Bitcoin Buy Sparks Surge In Stock Price - Overpasses For America

Trump Media experienced a notable uptick in its stock price (DJT) on Monday, closing up 3% after an intraday rise exceeding 5% to reach $19,25 per share. This surge followed the company’s announcement that it had invested $2 billion in Bitcoin (BTC). Two-Thirds Of Assets To Bitcoin Treasury The media group, which encompasses President Donald Trump’s social media platform Truth Social, the streaming service Truth+, and the financial services bran…

Trump Media Buys $2 Billion in Bitcoin

“Trump Media & Technology Group Corp., the firm behind Truth Social, has acquired about $2 billion in Bitcoin and related securities as part of its previously announced plan to become a crypto treasury company,” Bloomberg reports. Popular Information: Trump’s latest crypto maneuver explained.