Trump Media announced that its Bitcoin reserves have reached $2 billion.
BlockBeats News, July 21st, Trump Media and Technology Group Corp. (DJT) announced today that as part of the previously disclosed Bitcoin treasury strategy, the company has accumulated approximately $2 billion in Bitcoin and Bitcoin-related securities. This position currently represents two-thirds of the company's $3 billion in liquid assets.
In addition, the company has allocated approximately $300 million for a Bitcoin-related securities call option purchase strategy. Trump Media has stated that it will continue to increase its holdings of Bitcoin and related assets based on market conditions and will exercise the options to acquire spot Bitcoin. These assets will be used for revenue generation and potential additional cryptocurrency acquisitions.
You may also like
Gainers
Latest Crypto News
Some established AI and meme coins showed strong performance today, with SQD surging over 78% in a single day
TRON Foundation has released java-tron v4.8.1 (Democritus) pre-release version, and the Nile Testnet mandatory upgrade has officially started.
Yala: All native BTC under the custodian model will be removed from the protocol, shifting towards an AI-driven smart body prediction direction in the future
CME Data Center Outage Affects Trillion-Dollar Contracts
BNB Treasury Company CEA Industries Appoints Crypto Asset Expert Annemarie Tierney as Director
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]