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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.
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