Trump’s Media Company Reports a $2B Bitcoin After Crypto Bills pass US House

Trump Media and Technology Group said that the platform Truth Social, owned by US President Donald Trump, accounted for about $2 billion. “Bitcoin and Bitcoin-related securities” Only a couple of days ago, Trump’s cryptocurrency-related bills were passed by Congress.

Trump Media published a notice on Monday. said Bitcoins (BTCAs part of an Investment Strategy announced in MayIt allocated $1.5billion from the sale of stocks and $1billion from senior convertible secured bonds for purchasing cryptocurrency.

The company stated that it would keep acquiring media companies. “Bitcoin and Bitcoin-related assets” Depending on the market condition. 

This notice was sent four days after the US House of Representatives passed three bills What Republicans and Trump called “the Trump Era” “crypto week.” Prices of Bitcoin briefly surged As of this publication, the amount had dropped from $120,000 to $118.436. 

Trump signed the GENIUS stablecoin bill On Friday, President Trump signed into law two of the bills related the crypto-market structure and digital currencies issued by central banks. But the Senate must first approve the remaining two measures.

Related: Trump’s crypto ventures have added $620M to his net worth — Report

World Liberty Financial’s stablecoin may be benefited by the signing of the GENIUS Bill. The company’s WLFI token has nearly doubled its price in just seven days. voted to make it tradable.

According to the latest data, Nansen.aiPrice of President’s Memecoin Official TrumpTRUMP(), rose by 10% in the same period to $11.55. In June, one company tied to Trump’s family owned 20% of World Liberty. The president was effectively the owner of that stake. controls 80% of his memecoin supply Through two companies.