Trump Media & Technology Group (TMTG) — the company behind former President Donald Trump’s Truth Social platform — has revealed that it currently holds around $2 billion in Bitcoin and Bitcoin-related assets. The announcement comes just days after three major crypto-related bills backed by Trump passed the U.S. House of Representatives during what Republicans dubbed “Crypto Week.”
According to a statement released on Monday, the Bitcoin acquisition is part of an investment strategy first unveiled in May. Under the plan, TMTG allocated $1.5 billion from stock sales and another $1 billion from secured convertible bonds to purchase Bitcoin.
The company stated that it would continue acquiring Bitcoin and associated assets depending on market conditions.
Earlier that same week, Bitcoin prices briefly surged past $120,000 before correcting to around $118,436 at the time of the announcement.
On Friday, Trump officially signed the GENIUS Act into law, aimed at regulating stablecoins. However, two other crypto-related bills — one concerning market structure and the other regarding central bank digital currencies (CBDCs) — are still awaiting approval in the Senate.
The GENIUS Act is expected to benefit Trump’s family-backed crypto venture, World Liberty Financial, which issues its own stablecoin. The governance token of the company, WLFI, has more than doubled in price over the past seven days, following a community vote to make the token tradable.
Meanwhile, data from Nansen.ai shows that the “Official Trump” memecoin also saw a price increase of approximately 10% — rising from $10.45 to $11.55 over the same week. A company linked to Trump and his family reportedly holds a 20% stake in World Liberty Financial, while Trump himself controls roughly 80% of the memecoin’s supply through two private entities.
Is the White House exploring a national Bitcoin reserve?
Back in March, Trump signed an executive order to establish a “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile” for the U.S. Initially, experts believed this would include crypto assets seized by federal authorities. However, Trump’s advisors later suggested they were also exploring alternatives — including the potential revaluation of government-held gold certificates.
