See every side of every news story
Published loading...Updated

Trump Media builds $2 billion bitcoin hoard, as crypto swells president's net worth

UNITED STATES, JUL 21 – Trump Media has allocated about two-thirds of its $3 billion liquid assets to Bitcoin and plans to launch Bitcoin-backed ETFs while investing an additional $300 million in related options.

  • In a Sarasota, Florida, July 21, 2025 press release, Trump Media & Technology Group declared it has acquired approximately $2 billion in bitcoin and related securities, part of its crypto treasury strategy.
  • According to the Monday press release, Trump Media & Technology Group's bitcoin holdings represent two-thirds of its $3 billion in liquid assets, adding `these assets help ensure our company's financial freedom, 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.`
  • Shares of Trump Media jumped 6.5% after the announcement, while DJT stock slumped around 45% this year, and a $2.5 billion private funding round involved about 50 institutional investors.
  • PSQ Holdings, with Donald Trump Jr as a board member, plans to explore a digital asset treasury strategy, and the partnership with Crypto.com will launch ETFs tracking Bitcoin and Cronos.
  • The firm also aims to use its holdings to generate revenue and acquire additional crypto assets, and Trump Media & Technology Group said it will continue purchasing bitcoin and convert options into spot bitcoin based on market conditions.
Insights by Ground AI
Does this summary seem wrong?

84 Articles

Lean Left

Trump Media and Technology Group said Monday it has amassed nearly $2 billion in bitcoin and related assets, as President Donald Trump’s highly profitable foray into cryptocurrencies continues to boost his net worth while in office. Bitcoin holdings now account for about two-thirds of Trump Media’s total liquid assets, the company said in a press release. Trump Media shares rose as much as 9% when markets opened on Monday. They were up about 4% …

ABC FOX MontanaABC FOX Montana
+5 Reposted by 5 other sources
Center

Crypto king?: Trump Media buys $2B in bitcoin

Trump Media & Technology Group (NYSE: DJT), which counts President Donald Trump’s as its largest shareholder, has acquired $2 billion in bitcoin.

·Missoula, United States
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 52% of the sources lean Left
52% Left

Factuality 

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

stvincenttimes.com broke the news in on Monday, July 21, 2025.
Sources are mostly out of (0)