Trump Media reports $2B in Bitcoin following crypto bills’ passage
- Trump Media and Technology Group holds approximately $2 billion in Bitcoin and related securities.
- The company allocated $1.5 billion from stock sales and $1 billion from bonds for its Bitcoin investments.
- Bitcoin’s price surged to over $120,000 before settling at $118,436 during the announcement week.
- Trump signed the GENIUS stablecoin bill into law, with two additional crypto-related bills pending Senate approval.
- The governance token of Trump’s family-backed World Liberty Financial has doubled in value recently.
This significant investment comes shortly after the US House of Representatives advanced key cryptocurrency legislation, marking a pivotal moment for Trump’s involvement in the crypto space.
With Trump Media’s holdings reaching $2 billion, this reflects a growing trend of institutional interest in Bitcoin amidst evolving regulatory frameworks. (Source)
