Trump Media & Technology Group has converted two-thirds of its liquid assets into cryptocurrency by purchasing Bitcoin (BTC) and Bitcoin-related securities worth 2 billion dollars.
The media company of U.S. President Donald Trump, Trump Media & Technology Group, announced that it has made a massive investment in Bitcoin. The company stated that it has spent approximately 2 billion dollars on the purchase of Bitcoin and Bitcoin-related securities. This amount constitutes about two-thirds of the firm's total liquid assets of 3 billion dollars.
Trump Media also reported that it has additionally invested 300 million dollars in Bitcoin-linked options and plans to convert these options into spot Bitcoin depending on market conditions. The company indicated that it will continue to acquire Bitcoin and related assets in the future, and it might use these assets to generate additional income and acquire other crypto assets.
Financial Freedom Strategy
Trump Media's CEO, Devin Nunes, stated that these investments will help secure the company's financial independence and create protection against the discriminatory policies of financial institutions. Nunes also expressed that they aim to create synergies between Bitcoin assets and the utility token that the company will launch on its own platforms.
