Trump Media Buys $2 Billion in Bitcoin for Crypto Treasury Plan

Trump Media & Technology Group Corp., the firm behind Truth Social, has acquired about $2 billion in Bitcoin and related securities as part of its previously announced plan to become a crypto treasury company.

In addition, about $300 million in capital was allocated to an options acquisition strategy for Bitcoin-related securities, the company said in a statement Monday. Trump Media plans to continue acquiring Bitcoin and Bitcoin-related assets and to convert its options into Bitcoin, depending on market conditions.

In May, Trump Media joined the scores of companies emulating the crypto treasury strategy pioneered by Michael Saylor’s Strategy. It’s ...