Trump Media and Technology Group Corp, the owner of Truth Social, has announced significant investments in Bitcoin and related assets totaling approximately $2 billion.
Bitcoin Treasury Strategy
The investments amount to about 17,000 BTC at current prices, which makes up roughly two-thirds of the company's $3 billion in liquid assets. Trump Media has also set aside around $300 million to buy Bitcoin options. The company plans to continue acquiring more Bitcoin and related assets, potentially converting these options into actual Bitcoin depending on market conditions.
Market Reaction and Company Plans
Trump Media's CEO Devin Nunes stated, "We’re rigorously implementing our publicly announced strategy and fulfilling our bitcoin treasury plan. These assets help ensure our Company’s financial freedom and protect us against discrimination by financial institutions." Following the news, shares increased by 6.5%.
Future of Trump Media in the Crypto Market
Recently, Trump Media also announced a $400 million share buyback program that will not affect its $2 billion Bitcoin treasury strategy. This announcement comes in the wake of a $2.5 billion private funding round involving around 50 institutional investors. With $2 billion already in BTC, the company clearly embraces Bitcoin as a core strategic reserve.
Given its current investments and plans, Trump Media shows confidence in the cryptocurrency market and readiness to adapt to rapidly changing conditions.
