Trump Media & Technology Group (TMTG) has reported a significant increase in its cryptocurrency holdings, reaching approximately $2 billion.
Announcement of Bitcoin Holdings
On Monday, Trump Media & Technology Group announced that its bitcoin holdings, including both tokens and related securities, have reached approximately $2 billion. This information confirms that digital assets are becoming a central part of the company's financial strategy.
Response to Financial Times Reports
The TMTG reacted critically to a recent report by the Financial Times about plans to raise $3 billion for cryptocurrency initiatives. In response, TMTG stated that the publication has 'dumb writers listening to even dumber sources.'
Company's Future Plans
According to TMTG CEO Devin Nunes, the company views bitcoin as 'an apex instrument of financial freedom.' A significant portion of TMTG's liquid assets is now tied to bitcoin, with the possibility of further acquisitions. Earlier, the company also mentioned plans for 'Made in America' crypto ETFs and hinted at launching a utility token.
Trump Media & Technology Group is actively entering the world of digital assets, which may introduce new dynamics to its financial strategy and opens opportunities for further growth in this area.
