#BTCvsETH "Trump Media" Acquires Bitcoin Worth $2 Billion

The "Trump Media & Technology Group," associated with U.S. President "Donald Trump," has acquired approximately $2 billion in Bitcoin and related securities, according to a recent press release.

The nature of these securities was not clarified, but estimates suggest they could be investments in exchange-traded funds (ETFs).

The company's liquid assets amount to about $3 billion, meaning that the assets related to Bitcoin constitute nearly two-thirds of the total available liquidity.

Commenting on this direction, the company's CEO "Devin Nunes" stated that the company is moving forward with its announced strategy,

noting that this step aims to secure financial independence and protection against what he described as potential discrimination from financial institutions.

He also added that this direction is part of a broader integration plan with the service the company intends to launch within the "Truth Social" platform.

"Truth Social" is President "Trump's" main platform for issuing his statements, with monthly users exceeding 32 million according to data from "SimilarWeb."

The company had previously applied to launch an instant trading fund for Bitcoin and Ethereum, which is expected to hold 75% of its assets in Bitcoin and 25% in Ethereum if the application is approved.