A cutout of US President Donald Trump holding a Bitcoin is displayed on a gaggle of servers throughout The Bitcoin Convention at The Venetian Las Vegas in Las Vegas, Nevada, on Could 27, 2025.
Ian Maule | Afp | Getty Pictures
Trump Media and Technology Group mentioned Monday it has accrued roughly $2 billion in bitcoin and associated property, as President Donald Trump‘s extremely profitable pivot to crypto continues to develop his web value whereas in workplace.
The bitcoin holdings now account for about two-thirds of Trump Media’s complete liquid property, the corporate mentioned in a press release.
Trump Media shares popped as excessive as 9% when markets opened Monday morning. They have been up round 4% at 2 p.m. ET.
Trump’s stake within the firm — which trades on the Nasdaq below his initials, DJT — is value almost $2.3 billion.
The announcement provided the scientist marker of how Trump and his household have embraced digital foreign money to such a level that crypto now accounts for many of the president’s wealth on paper, based on a Forbes analysis from June.
Trump, as soon as a digital-currency skeptic, has vowed to make the U.S. the world’s crypto capital. He has already taken a number of steps in that course by signing an executive order to ascertain a “strategic bitcoin reserve,” appointing a “crypto czar” and urging Congress to cross a number of crypto-related payments.
Trump on Friday signed a type of payments, the GENIUS Act, into legislation after it handed with bipartisan assist within the Home.
Trump has made tens of millions extra off of different crypto ventures, together with the decentralized finance entity World Liberty Monetary and the meme coin $TRUMP, whose preliminary coin launch got here simply days earlier than his inauguration.
The Trump household, which owns a lot of World Liberty by way of a enterprise entity, has made about $500 million because the enterprise’s launch in September, based on a Reuters evaluation.
Trump’s spokespeople have mentioned that the president’s connection to World Liberty does not create a conflict of curiosity as a result of his assets are in a belief that’s at present managed by his son, Donald Trump Jr.
However property in that revocable belief nonetheless belong “not directly” to the president, who’s the belief’s grantor and its sole beneficiary. And the funds can be accessible to him after he leaves workplace in 2029.
Critics, together with Democratic lawmakers and ethics experts, warn that Trump’s crypto pursuits and his political energy create an atmosphere ripe for corruption.
“As a stakeholder in crypto property, President Trump will seemingly revenue from the very insurance policies he’s pursuing,” the advocacy group Democracy Defenders Fund mentioned in a report in April.
Earlier than taking workplace in January, Trump transferred all of DJT shares to a revocable belief managed by his eldest son, Donald Trump Jr. Some consultants have been unconvinced Trump was eliminating conflict-of-interest issues by eradicating himself from direct management of the shares.
Since then, Trump Media has successfully redefined itself as a crypto and monetary companies firm.
The corporate’s first product was the Twitter-like social media platform Fact Social, which is utilized by Trump however has did not generate a lot income. The corporate, which went public final 12 months by way of a merger with a particular function acquisition firm, nonetheless attracted hundreds of retail traders
In late January, the corporate introduced a FinTech model referred to as Fact.Fi, boosted by a $250 million allocation in investments together with bitcoin and exchange-traded funds.
In February, the corporate started pursuing what it referred to as a “strategic acquisition fund with choose traders,” and in March it inked a partnership with Crypto.com to launch a collection of ETFs.
In late Could, the corporate mentioned it raised over $2.3 billion in web proceeds from promoting inventory and convertible notes to about 50 institutional traders, and that it could these funds to construct a bitcoin treasury.
Trump Media’s announcement Monday morning got here lower than every week after bitcoin hit an all-time excessive, making it by far the world’s most useful and in style cryptocurrency.
The asset jumped previous $120,000 as traders anticipated Congress would cross new U.S. crypto laws to ascertain a clearer regulatory framework for the nascent trade.
“We’re rigorously implementing our publicly introduced technique and fulfilling our bitcoin treasury plan,” Trump Media CEO Devin Nunes mentioned in Monday’s launch.
“These property assist guarantee our Firm’s monetary freedom, assist defend us towards discrimination by monetary establishments, and can create synergies with the utility token we’re planning to introduce throughout the Fact Social ecosphere,” Nunes mentioned.
