Trump Media (NASDAQ: DJT) has amassed $2 billion in bitcoin and bitcoin-related securities for its recently announced bitcoin treasury strategy, representing two-thirds of its $3 billion in liquid assets, according to a company press release Monday.
In addition to its spot holdings, the company has earmarked about $300 million for an options acquisition strategy aimed at bitcoin-related securities, with plans to convert these into spot bitcoin as market conditions permit.
CEO and President Devin Nunes emphasized that the bitcoin treasury initiative is designed to “ensure our Company’s financial freedom, help protect us against discrimination by financial institutions, and create synergies with the utility token we’re planning to introduce across the Truth Social ecosphere.”
The announcement comes two months after Trump Media unveiled an roughly $2.5 billion raise, consisting of $1.5 billion in common stock and $1 billion in convertible notes, to fund its bitcoin treasury.
At time of publication, DJT traded up 6.9% during pre-market hours.
Image by By Gage Skidmore from Surprise, AZ, USA.
