**Trump Media Holds Bitcoin in Treasury: Strategy or Symbolism?**

*(June 1, 2025)*

Trump Media & Technology Group (NASDAQ: DJT), parent company of Truth Social, disclosed **$2.3 million in Bitcoin holdings** in its Q1 2024 earnings report—marking its first formal entry into cryptocurrency.

### Key Facts:

1️⃣ **Timing**: Acquired in April 2024, near Bitcoin’s post-ETF approval volatility.

2️⃣ **Scale**: Represents <1% of its $274M cash reserves—far below MicroStrategy’s $13B+ BTC stake.

3️⃣ **Context**: Came weeks after Donald Trump voiced support for crypto on Truth Social, calling it "a major asset class."

### Market Reaction:

- DJT shares briefly spiked 15% on the news (May 2024) but remain -65% YTD.

- Crypto advocates hailed it as "political validation"; skeptics called it a publicity move.

### Bigger Picture:

⚖️ **Regulatory Risk**: U.S. SEC still opposes Bitcoin ETFs for most corporate treasuries.

📉 **Volatility Warning**: DJT’s BTC lost ~20% of value during May 2024’s crypto slump.

### What’s Next?

CEO Devin Nunes stated the company may "explore blockchain tech," but no further crypto purchases have been announced. With DJT’s stock heavily shorted, its Bitcoin bet remains a minor—but symbolic—footnote.

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> **Why This Matters**: While tiny financially, this move signals growing crypto acceptance in politically aligned businesses. However, it lacks the strategic scale of firms like MicroStrategy. Regulatory hurdles and DJT’s stock volatility remain key concerns.

*Sources: SEC 10-Q Filing (May 2024), Bloomberg, CoinDesk*