Trump Media Builds Bitcoin Portfolio
(MENAFN) Trump Media and Technology Group Corp., the company behind Truth Social, Truth+, and Truth.Fi, revealed on Monday that it has accumulated nearly $2 billion in Bitcoin and Bitcoin-linked securities as a core part of its bitcoin treasury approach.
According to the statement, these bitcoin assets now represent about two-thirds of the company’s $3 billion in liquid capital.
In addition, Trump Media has earmarked $300 million for an options-based acquisition strategy focused on bitcoin-related securities.
The company intends to keep buying bitcoin and converting options into actual bitcoin depending on market fluctuations.
These investments are designed to generate income and may also support further purchases of cryptocurrency.
“We’re rigorously implementing our publicly announced strategy and fulfilling our bitcoin treasury plan,” said CEO and President Devin Nunes.
He added, “These assets help ensure our company’s financial freedom, protect us against discrimination by financial institutions, and will create synergies with the utility token we’re planning to introduce across the Truth Social ecosphere."
Trump Media clarified that this statement is not an offer to sell or a solicitation to buy securities and emphasized that any such transaction would adhere to relevant securities regulations.
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