Trump Media Holds $2 Billion Worth of Bitcoin and Virtual Asset-Related Stocks

YM Lee

Summary

Trump Media & Technology Group announced that it holds Bitcoin and virtual asset-related stocks worth $2 billion.
The company stated that it has established a hybrid crypto reserve asset through various financial assets such as Bitcoin, ETFs, trusts, and derivatives.
Trump Media revealed that it is planning various expansions, including the launch of crypto-focused ETFs and managed investment products.

Trump Media & Technology Group (DJT) announced that it holds Bitcoin (BTC) and stocks related to virtual assets (cryptocurrencies) worth $2 billion.

According to a report by CoinDesk on the 3rd (local time), Trump Media & Technology Group officially revealed in its second-quarter earnings announcement that it owns Bitcoin (BTC), Bitcoin Exchange Traded Funds (ETFs), Bitcoin trusts and derivatives, and related stock items totaling $2 billion.

Trump Media has built a hybrid crypto reserve asset featuring liquidity and resilience through Bitcoin and multiple financial assets.

Devin Nunes, CEO of Trump Media Group, stated, “The hybrid crypto reserve asset will be a great help in expanding into areas such as the upcoming Truth Plus streaming bundle, AI, and payment utility tokens within the ecosystem.” He added, “We also plan to launch multiple crypto-focused ETFs and managed investment products in the future.”

BTC