Trump Media buys $2 billion in Bitcoin continuing Crypto boom

Trump Media accumulated roughly $2 billion in Bitcoin and related securities as part of its previously announced Bitcoin Treasury Plan, the company announced. The holdings now account for about two thirds of Trump Media’s approximately $3 billion in liquid assets, it said. The company also said about $300 million in additional capital was allocated to an options acquisition strategy for related securities. Trump Media, which owns the Truth Social media platform, said it plans to continue purchasing Bitcoin and related assets and convert its options into spot Bitcoin, depending on market conditions.