Trump Media and Technology Group announced today that it had acquired Truth Social, Truth+ and Truth.Fi. purchased About $2 billion is spent on the yearly purchase of automobiles Bitcoin Bitcoin and Bitcoin-related Securities as part of their ongoing Treasury Strategy.
Florida-based company confirms that Bitcoin now accounts for almost two thirds of their $3 billion liquid assets. Also, the firm revealed that an extra $300 million had been allocated for a Bitcoin-related security options acquisition strategy.
“These assets help ensure our Company’s financial freedom, help 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,” Devin Nunes, CEO of Trump Media and president. “We’re rigorously implementing our publicly announced strategy and fulfilling our Bitcoin treasury plan.”
Trump Media stated that it intends to convert the options to spot Bitcoin based on current market conditions. This company stressed that the assets would not just serve as reserves for treasury but could also be used in order to fund Bitcoin purchases and generate revenue.
Trump Media announced that the new announcement is in line with theirs previously reported plan To fuel their entry in Bitcoin, they raised $3 billion by May. At the time, sources revealed a plan to secure $2 billion in equity and $1 billion via a convertible bond to expand into digital assets—including Bitcoin, Bitcoin mining, and financial products.
While Trump Media initially dismissed the Financial Times reporting—calling the outlet’s sources “dumb”—today’s disclosure appears to confirm the firm’s deepening commitment to Bitcoin.
Donald Trump Jr. managed the trust that received Donald Trump Sr.’s 53% of Trump Media. The stake is worth approximately $3 billion. Donald Trump Jr. retains all investment power.
Trump Media’s Bitcoin accumulating is notable, especially in view of the recent events surrounding President Trump. signing of the GENIUS Act into law On July 18, the federal government established a regulatory framework to govern dollar-backed, stablecoins. While the legislation primarily addresses stablecoins—not Bitcoin—it shows the administration’s commitment to the future of digital assets. Combined with his March executive order launching a Strategic Bitcoin Reserve, Trump Media’s $2 billion Bitcoin treasury aligns with a federal push for leadership in Bitcoin.
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Source: bitcoinmagazine.com
