DJT grows $2 billion bitcoin hoard

Trump Media and Technology Group On Monday, President Donald Trump’s crypto currency continues to increase the net value of his highly lucrative pivot in the office, he said he had accumulated about $ 2 billion Bitcoin and relevant assets.

The company said Bitcoin Holdings constitutes about two -thirds of Trump Media’s total liquid assets. Press release.

Trump Media Shares When the markets were opened on Monday, up to 9%. They stayed around 4% in ET 14:00.

Trump’s initials are worth $ 2.3 billion in the company, which is traded on Nasdaq under the DJT.

The announcement, as Trump and his family adopted the digital currency, presented that the crypto currency has now explained most of the President of the President of the President of the President. Forbes analysis From June.

Trump, who was once a skeptical of the digital currency, promised the US to make the world’s crypto currency capital. Already in this direction has taken multiple steps. executive order Create a “strategic bitcoin reserve”, appoint a “crypto tsar” and call on Congress to pass invoices about more than one crypto.

Trump signed one of these invoices on Friday, Genius lawAfter passing with two -party support at home.

Trump has made more than other crypto currency attempts, including the centralized financial presence World Liberty Financial and Breast Coin $ Trump.

According to the Reuters analysis, the Trump family, which has most of the world freedom through a commercial organization, has gained approximately $ 500 million since the attempt was released in September.

Trump’s spokesman, the President’s connection with world freedom it does not create a conflict of interest Because Their assets Currently, his son Donald Trump Jr.

However, the assets in this canable confidence are still “indirectly”, the donor of trust and the only beneficiary of the President. And after leaving his post in 2029, funds will be present for him.

Critics including Democratic deputies And Ethical ExpertsHe warns that Trump’s crypto interests and political power creates a mature environment for corruption.

“As a stakeholder in crypto assets, President Trump will probably make profit from the policies he followed.” He said. report In April.

Before starting to work in January, Trump, all DJT shares Trump Jr. He transferred to the canable confidence managed by. Since then, Trump Media has redefined itself as a crypto currency and financial services company.

The first product of the company was the real Social, the Twitter -like social media platform, which was used by Trump but could not earn much income. Last year, the company, which was opened to the public with a special purpose purchasing company, was still attracted to thousands of retail investors.

In late January, the company announced a FinTech brand called Hakikat.fi, which was increased with a 250 million dollars of allocation in investments, including funds traded on Bitcoin and stock exchange.

In February, the company began to call the “Strategic Purchasing Fund with certain investors” and signed a partnership with Crypto.com to start a series of ETF in March.

In late May, the company said that it has earned a net revenue to about 50 corporate investors from selling stocks and convertible notes and will use these funds to create a Bitcoin treasure.

Trump Media’s announcement on Monday morning came soon after Bitcoin reached the highest level of all time, which made it the most valuable and popular crypto currency in the world.

The asset exceeded $ 120,000, as investors foresee that the Congress would pass the new US crypto legislation to form a clearer regulatory framework for the newly emerged industry.

“We meticulously implement our public strategy and fulfill our Bitcoin treasure plan.” He said.

“These assets help to ensure the financial freedom of our company, help to protect us against discrimination by financial institutions, and create synergies with the useful coin that we plan to introduce throughout the real social ecosphere.” He said.