In a bold financial strategy, the Trump Media & Technology Group (TMTG) converted approximately two-thirds of its $3 billion in liquid assets—about $2 billion—into Bitcoin, adding another $300 million in Bitcoin-linked options. CEO Devin Nunes emphasized this move reinforces the company’s autonomy from traditional financial systems and supports future plans for a utility token within the Truth Social ecosystem. The announcement came as Bitcoin hovered near $119K, briefly touching $123K on strong institutional sentiment.
This mirrors MicroStrategy’s approach and reflects growing corporate risk hedging strategies. Markets responded positively: TMTG stock rose 5% on the news. The strategy also coincides with broader pro-crypto momentum in U.S. policymaking, including the recent passage of the GENIUS Act and other crypto-related bills in Congress.
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