Trump Media’s $2 Billion Bitcoin Investment Signals Shift to Crypto Empire
On Monday, Trump Media and Technology Group, the parent company of Truth Social, announced a $2 billion purchase of Bitcoin and Bitcoin-related securities, with an additional $300 million allocated for Bitcoin options. This move, part of the company’s Bitcoin treasury plan, allocates roughly two-thirds of its $3 billion in liquid assets to the world’s leading cryptocurrency. CEO Devin Nunes emphasized the strategy’s goal of securing financial independence, stating, They are rigorously implementing their publicly announced strategy to protect against institutional biases. The investment underscores a pivot from traditional media to digital assets, redefining the company’s financial…
