Trump Media Confirms $2 Billion in Bitcoin Holdings After SEC Greenlight
- Trump Media now holds $2 billion in Bitcoin and related assets.
- The purchase follows SEC approval on June 13 for a $2.3 billion crypto treasury plan.
- $300 million has also been allocated to Bitcoin options acquisition.
Donald Trump’s Trump Media and Technology Group has announced it now holds $2 billion in Bitcoin and BTC-related securities, a massive allocation that accounts for two-thirds of the company’s $3 billion in liquid assets.
Bitcoin Strategy Update
In the press statement, the company said the crypto reserves are part of a broader plan to protect financial independence. It added that the assets would support future revenue generation and possible expansion into other digital assets.
Related: David Sacks Backs Trump’s GENIUS Act Push to Make US Undisputed Crypto Leader
The company also set aside an additional $300 million for acquiring bitcoin-related options. Management stated that these may be converted to bitcoin, depending on market conditions.
Trump Media also said its digital asset holdings will create “synergies” with Truth Social’s upcoming token. While the company did not provide a timeline for the token launch, it said c…
The post Trump Media Confirms $2 Billion in Bitcoin Holdings After SEC Greenlight appeared first on Coin Edition.
Read More
Bitcoin Hits $1T Realized Cap as Price Holds Above $118K After $9B BTC Sale by Satoshi-Era Whale
Trump Media Confirms $2 Billion in Bitcoin Holdings After SEC Greenlight
- Trump Media now holds $2 billion in Bitcoin and related assets.
- The purchase follows SEC approval on June 13 for a $2.3 billion crypto treasury plan.
- $300 million has also been allocated to Bitcoin options acquisition.
Donald Trump’s Trump Media and Technology Group has announced it now holds $2 billion in Bitcoin and BTC-related securities, a massive allocation that accounts for two-thirds of the company’s $3 billion in liquid assets.
Bitcoin Strategy Update
In the press statement, the company said the crypto reserves are part of a broader plan to protect financial independence. It added that the assets would support future revenue generation and possible expansion into other digital assets.
Related: David Sacks Backs Trump’s GENIUS Act Push to Make US Undisputed Crypto Leader
The company also set aside an additional $300 million for acquiring bitcoin-related options. Management stated that these may be converted to bitcoin, depending on market conditions.
Trump Media also said its digital asset holdings will create “synergies” with Truth Social’s upcoming token. While the company did not provide a timeline for the token launch, it said c…
The post Trump Media Confirms $2 Billion in Bitcoin Holdings After SEC Greenlight appeared first on Coin Edition.
Read More