Trump Media Buys $2 Billion in Bitcoin for Crypto Treasury Plan

Trump Media & Technology Group Corp., the firm behind Truth Social, has acquired about $2 billion in Bitcoin and related securities as part of its previously announced plan to become a crypto treasury company.

In addition, about $300 million in capital was allocated to an options acquisition strategy for Bitcoin-related securities, the company said in a statement Monday. Trump Media plans to continue acquiring Bitcoin and Bitcoin-related assets and to convert its options into Bitcoin, depending on market conditions.