TechFlow news, July 21 — According to Jinshi Data, Trump Media & Technology Group (DJT.O) announced today that it has accumulated approximately $2 billion in bitcoin and bitcoin-related securities as part of its previously announced bitcoin reserve strategy. These assets currently represent about two-thirds of the company's roughly $3 billion in liquid assets.
In addition, the company has allocated approximately $300 million for an options acquisition strategy focused on bitcoin-related securities. Trump Media & Technology Group plans to continue acquiring bitcoin and bitcoin-related assets and intends to convert its options into spot bitcoin holdings according to market conditions. These assets will be used to generate revenue for the company and may support further acquisitions of cryptocurrency assets.
Devin Nunes, CEO and President of the company, stated: “We are executing our publicly announced strategy with discipline by implementing our bitcoin reserve plan. These assets help ensure our financial independence, protect us from discrimination by financial institutions, and will create synergies with the utility token we plan to launch within the Truth Social ecosystem.”
