Trump’s Media Company Reports $2B BTC After Crypto Bills Pass US House
Trump Media and Technology Group, the company that owns US President Donald Trump’s Truth Social platform, said it held about $2 billion in “Bitcoin and Bitcoin-related securities” just a few days after significant cryptocurrency bills pushed by Trump advanced in Congress.
In a Monday notice, Trump Media said it had acquired Bitcoin (BTC) as part of an investment strategy announced in May, in which it allocated $1.5 billion from stock sales and $1 billion from convertible senior secured bonds to purchase the cryptocurrency.
The media company said it would continue to acquire “Bitcoin and Bitcoin-related assets” depending on market conditions.
The notice came four days after the US House of Representatives passed three bills…
