Trump Media Secures Bitcoin and Related Securities Worth $2 Billion

Trump Media and Technology Group, linked to ex-President Donald Trump's family, has amassed about $2 billion in Bitcoin (BTC) and bitcoin-related securities, accounting for approximately two-thirds of the company's $3 billion liquid assets. However, the specifics of these securities remain undisclosed. President Devin Nunes confirmed the move as part of their public strategy, asserting that these assets will bolster the company's financial independence and safeguard it against potential discrimination by financial institutions.

Furthermore, it will complement the utility token they intend to launch on Truth Social, a platform operated by Trump Media, currently hosting over 32 million users monthly. The company has also applied to launch a Bitcoin and Ethereum exchange-traded fund, holding BTC and ETH directly at a 75/25 ratio.