🔥 Trump Media Makes $2B Bitcoin Move—Mercurity Eyes Solana Reserve! ⚡📈
On Monday, public firms filed crypto acquisition papers, including Trump Media Group, which bought up to $2 billion in Bitcoin, and Strategy (MSTR), which bought 6,220 BTC for $740 million. Mercurity Fintech Holding (MFH) received $200 million from Solana Ventures to launch its Solana (SOL) treasury.
In a Monday news statement, Trump-backed Trump Media & Technology Group (DJT) said it bought $2 billion in Bitcoin (BTC) and associated instruments. Bitcoin now makes up two-thirds of the company's $3 billion in liquid assets, reflecting its new crypto asset reserve concept.
"We're rigorously implementing our publicly announced strategy and fulfilling our [B]itcoin treasury plan," Trump Media CEO and President Devin Nunes said in a press statement.
Trump Media added $300 million to a Bitcoin options purchase plan. The corporation plans to buy more Bitcoin and make income to add to its cryptocurrency reserve.
Business analytics company Strategy is helping more organizations progress their Bitcoin treasury ambitions. The corporation added 6,220 BTC for $740 million last week, raising its total holdings to 607,770 BTC at an average price of $71,756 per BTC.
After buying 1,264 BTC for $150 million, including fees, NYSE-listed Sequans (SQNS) increased its Bitcoin stockpile to 2,317 BTC.
Profusa (PFSA) announced a $100 million Bitcoin treasury strategy securities purchase deal with Ascent Partners Fund on NASDAQ. Profusa plans to acquire Bitcoin this week using all equity line of credit funds.
Public firms are also interested in programmable blockchain tokens after President Trump signed the GENIUS stablecoin law, which strengthened their market sentiment.
The Ether Machine revealed a $1.5 billion Ethereum treasury strategy after merging with Dynamix Corporation.
NASDAQ-listed Mercurity Fintech received a $200 million equity line from Solana Ventures to build a SOL treasury.
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