Trump Media & Technology Group said Monday it has accumulated roughly $2 billion in Bitcoin and bitcoin-related securities for its corporate treasury, giving the cryptocurrency a 66 percent share of the company’s roughly $3 billion in liquid assets
Trump Media & Technology Group said Monday it has accumulated roughly $2 billion in Bitcoin and bitcoin-related securities for its corporate treasury, giving the cryptocurrency a 66 percent share of the company’s roughly $3 billion in liquid assets. The disclosure sent shares of the Truth Social operator up about 6 percent in morning trading.
The purchases draw on the $2.3 billion Trump Media raised from around 50 investors after the U.S. Securities and Exchange Commission declared the company’s S-3 registration statement effective on 13 June. In addition to the spot holdings, the company has earmarked about $300 million for options tied to bitcoin-linked securities and said it may convert those positions into Bitcoin as market conditions permit.
Management reiterated that the cryptocurrency strategy is core to its effort to “ensure financial freedom” and integrate digital-asset payments across its media and fintech offerings. The program places Trump Media among the largest corporate owners of Bitcoin, a roster that includes MicroStrategy and several newer entrants following President Donald Trump’s pro-crypto policy shifts.
Separately, the company’s board authorized up to $400 million of share repurchases on 23 June, financing the buyback independently of the Bitcoin initiative.
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