Trump’s Media Company Holds $2B in Bitcoin After House Passes Crypto Bills
TMTG begins executing $2.5B crypto investment plan amid legislative wins and Bitcoin volatility
Trump Media and Technology Group (TMTG), the parent company of Truth Social, has disclosed a $2 billion position in Bitcoin and Bitcoin-related securities, following a week of key legislative wins for the cryptocurrency sector in the U.S. House of Representatives.
Backed by $2.5 billion in recent fundraising-$1.5 billion from stock sales and $1 billion from convertible bonds-TMTG began executing its crypto-focused investment strategy first announced in May. The company confirmed in a Monday filing that it would continue acquiring Bitcoin assets depending on market conditions.
The announcement comes just four days after the U.S. House passed three pro-crypto bills during what Republicans dubbed “crypto week.” Bitcoin surged to over $120,000 at the start of the week but fell back to $118,436 at press time.
President Trump signed the GENIUS Act into law on Friday, providing regulatory clarity for stablecoins. The other two bills concerning crypto market structure and CBDC restrictions await Senate approval.
The GENIUS Act could directly benefit World Liberty Financial, a Trump family-linked crypto company with its own stablecoin. WLFI, the company’s governance token, more than doubled over the past week.
Meanwhile, the value of Trump’s memecoin, Official Trump, rose 10% to $11.55 amid growing speculation around his crypto influence. Trump reportedly maintains control of 80% of the token supply through affiliated companies.
White House weighs national Bitcoin reserve amid strategic shift
As part of a March executive order, Trump authorized the creation of a “Strategic Bitcoin Reserve” and a broader “Digital Asset Stockpile.” Initial speculation pointed to government-seized crypto as the main source, but recent comments from Trump advisers suggest alternative funding options, including gold certificate revaluation, are also under review.
