22.07.2025 19:27

Trump Media & Technology Group (TMTG), the parent company of Truth Social, announced a significant investment in Bitcoin, amassing approximately $2 billion in Bitcoin and related securities for its corporate treasury. This substantial cryptocurrency holding represents a commanding 66% share of the company's roughly $3 billion in liquid assets. The news propelled TMTG's share price upward by approximately 6% in early trading.

The acquisition followed a successful $2.3 billion fundraising round, involving around 50 investors, after the Securities and Exchange Commission (SEC) approved TMTG's S-3 registration statement on June 13th. This substantial capital influx fueled the company's bold cryptocurrency strategy.

Further enhancing its Bitcoin holdings, TMTG allocated an additional $300 million for options linked to Bitcoin-related securities. The company intends to convert these options into Bitcoin, contingent upon favorable market conditions. This strategic move underscores TMTG's commitment to "ensuring financial freedom" and integrating digital asset payments into its media and fintech platforms.

TMTG's substantial Bitcoin investment positions it among the largest corporate holders of the cryptocurrency, alongside established players like MicroStrategy and a growing number of newcomers. This move is noteworthy, particularly considering President Donald Trump’s previously expressed support for cryptocurrency.

In a separate development, and unrelated to its Bitcoin strategy, TMTG's board approved a share repurchase program authorizing up to $400 million in buybacks, commencing on June 23rd. This demonstrates a commitment to shareholder value alongside its innovative cryptocurrency approach. The information presented here is from internet sources, compiled and synthesized for clarity and accuracy.