Trump Media and Technology Group (TMTG), the parent company of Donald Trump’s Truth Social platform, has revealed it now holds approximately $2 billion in Bitcoin and Bitcoin-related securities. The disclosure comes just days after a series of pro-crypto legislative wins in Congress, widely promoted by Trump and his Republican allies.
In a Monday notice, the media company said the Bitcoin acquisition aligns with an investment strategy unveiled in May, which earmarked $1.5 billion from stock sales and an additional $1 billion from convertible bonds for crypto investments.
Ongoing Bitcoin Purchases Planned Amid Market Volatility
TMTG confirmed it plans to continue purchasing Bitcoin and related assets depending on market conditions, suggesting an aggressive and ongoing push into crypto as part of its financial strategy.
The announcement coincided with heightened crypto activity in Washington, where the U.S. House of Representatives passed three major cryptocurrency bills during what Republicans dubbed “crypto week.”
Crypto Week: Legislative Wins and Market Response
On Friday, Trump signed into law the GENIUS stablecoin bill, aimed at regulating stablecoins under a new framework. Two other bills—one targeting overall crypto market structure and another concerning central bank digital currencies (CBDCs)—still await Senate approval.
Bitcoin briefly surged above $120,000 at the start of the week in anticipation of the legislative developments, though it has since corrected to $118,436 as of publication.
Trump-Linked Crypto Projects See Surge
The GENIUS bill’s passage may also benefit Trump’s broader crypto footprint. World Liberty Financial, a crypto venture backed by the Trump family, has its own stablecoin and saw its governance token, WLFI, more than double in value over the past week. The surge followed a governance vote to make the token tradable.Trump’s own memecoin, Official Trump, also climbed around 10% this week—from $10.45 to $11.55—according to blockchain analytics firm Nansen.ai. Trump maintains significant control over the project, with two Trump-linked companies reportedly holding 80% of the token’s supply. Additionally, one of these entities had a 20% stake in World Liberty as of June.
