Trump Media Announces $2B in Bitcoin on Its Balance Sheet
Trump Media Reveals $2B Bitcoin Holdings Following $2.5B Capital Raise
Trump Media & Technology Group (DJT) on Monday announced it now holds roughly $2 billion in bitcoin, part of its broader plan to build a digital asset treasury.
With bitcoin trading around $118,700, the company’s holdings are estimated at approximately 17,000 BTC.
“We’re diligently executing our bitcoin treasury strategy,” said CEO Devin Nunes in a press release. “These reserves enhance our financial independence, guard against financial censorship, and support the rollout of our planned utility token within the Truth Social ecosystem.”
The announcement follows a $2.5 billion capital raise completed in May, which was specifically earmarked to support the company’s bitcoin acquisition efforts. In addition to the direct bitcoin holdings, DJT has allocated another $300 million toward an options strategy tied to bitcoin-related securities.
DJT shares were up 6.5% in premarket trading following the disclosure.
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