Trump Media Adds 451 Bitcoin, Total BTC Holdings Surpass $1 Billion

Trump Media & Technology Group (TMTG) has increased its Bitcoin reserves by purchasing an additional 451 BTC, valued at approximately $40.3 million. This acquisition raises the company's total Bitcoin holdings to 11,542 coins, which are now valued at over $1 billion, according to Arkham analytics. This move aligns with TMTG's ongoing crypto treasury strategy, following earlier reports of holding around $2 billion in Bitcoin and related assets as it positions itself as a crypto-focused entity. Furthermore, in July, Trump Media announced plans to launch the Truth Social Bitcoin and Ethereum ETF, with Crypto.com serving as custodian and execution agent, pending SEC approval. Separately, TMTG stock experienced a significant surge following an unexpected all-stock merger announcement with TAE Technologies, shifting the company's focus toward fusion energy, although the stock was down nearly 10% at the time of writing.

(Source：Bitcoin Magazine)