Trump Tech Turns to Treasury Bitcoin
Trump Media & Technology Group (TMTG), owned by U.S. President Donald Trump, has raised $2.44 billion in capital to support its declared Bitcoin treasury strategy, according to a report by Bloomberg.
The company stated that it will use the funds to purchase and hold Bitcoin as part of its broader financial policy. With this move, Trump Media becomes the first major politically affiliated corporation in the United States to announce holding Bitcoin in its treasury.
“TMTG views Bitcoin as a long-term store of value,” the company said, adding that it sees the cryptocurrency as a key means to preserve its capital.
Industry experts suggest the development is a notable intersection of technology and politics and could serve as a precedent for other companies considering similar paths.
