#TrumpBitcoinEmpire Trump's Bitcoin empire is expanding rapidly, with his media company, Trump Media & Technology Group (DJT), investing heavily in Bitcoin and crypto-related securities. Here's a breakdown of his crypto endeavors ¹ ²:
- *Bitcoin Investment*: Trump Media bought $2 billion worth of Bitcoin and crypto securities, making BTC two-thirds of its $3 billion balance sheet. The company also allocated $300 million to a Bitcoin options strategy.
- *Stablecoin Legislation*: Trump signed the GENIUS Act into law, providing a legal framework for dollar-backed stablecoins like his own USD1, created with World Liberty Financial and BitGo.
- *Crypto Holdings*: The Trump family's crypto-related investment portfolio is worth billions, with over $600 million in cash from token sales this year.
- *Trump Media's Crypto Pivot*: The company is shifting towards becoming a full-blown Bitcoin treasury company, mirroring Michael Saylor's strategy with his software firm.
- *Other Ventures*: Trump Media has submitted applications for three crypto ETFs to the SEC and partnered with (link unavailable) to launch securities and cryptocurrency ETFs featuring "Made in the USA" concepts.
Some notable projects in Trump's crypto empire include ²:
- *Trump Digital Trading Cards*: A series of digital collectibles launched on the Polygon PoS chain, with 45,000 cards sold out within hours, generating $4.4 million in revenue.
- *World Free Finance (WLFI)*: An investment DAO related to Trump, holding nearly $200 million worth of mainstream cryptocurrencies, with a stablecoin USD1 backed by short-term US Treasury reserves.
- *American Bitcoin*: A joint venture between Trump Media and Hut 8, focusing on industrial-grade Bitcoin mining and strategic Bitcoin reserve development.