Trump Media & Technology Group (TMTG), the parent company of Truth Social and closely linked to President Donald Trump, revealed that it now holds approximately $2 billion in Bitcoin and related crypto assets. The announcement follows a wave of pro-crypto legislation passed by the U.S. House of Representatives, with strong backing from Trump.
In a statement released Monday, the company confirmed that it began acquiring Bitcoin as part of a broader investment strategy rolled out in May. That plan involved channeling $1.5 billion raised through stock sales and another $1 billion from secured convertible bonds into Bitcoin purchases.
TMTG noted that it intends to expand its crypto holdings over time, adjusting based on how the market evolves. The disclosure came just days after what Republicans dubbed “crypto week” in Congress — a period during which three major cryptocurrency bills passed the House.
Bitcoin’s price briefly spiked above $120,000 at the start of the week but later settled around $118,400 as of this publication.
On Friday, Trump signed the GENIUS stablecoin bill into law — a move that could favor his family-associated crypto venture, World Liberty Financial. That company issues its own stablecoin, and its governance token, WLFI, has more than doubled in value over the past week, driven by a community vote to enable trading.
Meanwhile, the price of Trump’s meme coin, Official Trump (TRUMP), climbed around 10% over the same period, from $10.45 to $11.55, according to blockchain analytics platform Nansen.ai. Trump reportedly maintains indirect control of about 80% of the coin’s supply via two separate entities. Additionally, a firm with Trump family ties holds a 20% stake in World Liberty Financial as of June.
As for the White House, questions remain about its plans for a national crypto reserve. Back in March, Trump issued an executive order establishing a “Strategic Bitcoin Reserve” and a federal “Digital Asset Stockpile.” While initial expectations were that these reserves would come from seized cryptocurrencies, recent reports suggest Trump’s advisers are weighing alternative strategies — including revaluing old gold certificates held by the government.
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