Trump media reveals $2bn bitcoin holdings

July 22,2025 (MLN): Trump Media and Technology Group revealed it has accumulated approximately $2 billion in bitcoin and related assets, marking a significant milestone in President Donald Trump’s increasingly lucrative involvement in cryptocurrency.

The bitcoin holdings now comprise about two-thirds of the company’s total liquid assets, according to a press release issued.

Shares of Trump Media, which trades on the Nasdaq under the ticker DJT, surged as high as 9% at market open and were up around 4% by 2 p.m. ET.

President Trump’s personal stake in the company is valued at nearly $2.3bn.

The announcement underscores Trump’s shift from a digital-currency skeptic to a pro-crypto leader, as CNBC reported.

A June Forbes analysis revealed that cryptocurrency now makes up the majority of Trump’s paper wealth.

Since taking office, Trump has made a series of moves to bolster the industry, including signing an executive order to establish a “strategic bitcoin reserve,” appointing a “crypto czar,” and urging Congress to pass multiple crypto-related bills.

On Friday, Trump signed one of those bills, the GENIUS Act, into law after it received bipartisan support in the House.

Trump has also profited significantly from other cryptocurrency ventures, including World Liberty Financial, a decentralized finance entity.

The Trump family, through a business entity, holds a major stake in World Liberty and has earned around $500 million since its launch in September.

The president has also benefited from the meme coin $TRUMP, which launched just days before his inauguration.

Trump’s representatives have said that his financial connections to World Liberty do not pose a conflict of interest because his assets are held in a revocable trust managed by his son, Donald Trump Jr.

However, the trust still “indirectly” belongs to Trump as its grantor and sole beneficiary, meaning the assets will become available to him after his term ends in 2029.

Critics, including Democratic lawmakers and ethics watchdogs, have raised alarms about the overlap between Trump’s political power and financial interests.

The Democracy Defenders Fund warned in April that “as a stakeholder in crypto assets, President Trump will likely profit from the very policies he is pursuing.”

Before assuming office in January, Trump transferred all of his DJT shares to the trust overseen by Trump Jr.

Since then, Trump Media has pivoted sharply toward cryptocurrency and financial services, moving beyond its original focus on Truth Social, a Twitter-like platform that has generated limited revenue.

In January, the company launched Truth.Fi, a fintech brand backed by a $250m investment in bitcoin and exchange-traded funds.

In February, it began pursuing a “strategic acquisition fund” with select investors, followed by a March partnership with Crypto.com to launch ETFs.

By late May, Trump Media had raised more than $2.3bn in net proceeds from selling stock and convertible notes to about 50 institutional investors.

The company said the funds would be used to build a bitcoin treasury.

Trump Media’s announcement came just days after bitcoin reached an all-time high, soaring past $120,000 amid investor optimism over pending U.S. crypto legislation.

Trump Media CEO Devin Nunes stated Monday that the company is actively executing its publicly announced bitcoin treasury strategy.

“These assets help ensure our Company’s financial freedom, help protect us against discrimination by financial institutions, and will create synergies with the utility token we’re planning to introduce across the Truth Social ecosphere,” Nunes said.

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