Donald Trump’s Trump Media and Technology Group has announced its holdings of approximately $2 billion worth of Bitcoin, which accounts for nearly two-thirds of the company’s liquid assets.
Trump Media's Bitcoin Holdings
Trump Media has announced that as part of its strategy for creating a cryptocurrency treasury, the company has accumulated Bitcoin and related securities valued at around $2 billion.
Asset Allocation Strategy
In addition, the company has allocated $300 million in Bitcoin options and plans to convert them into spot BTC depending on market conditions.
Opinions and Future Plans
Trump Media’s CEO Devin Nunes stated: > "We are meticulously implementing our publicly announced strategy and realizing our Bitcoin treasury plan. These assets will help secure the financial freedom of our Company, protect us against discrimination by financial institutions, and create synergy with the utility token we plan to introduce in the Truth Social ecosystem."
The announcement of significant Bitcoin holdings underscores Trump Media's growing interest in cryptocurrencies and the company's intention to enhance its financial security.
