Trump Media is now a Bitcoin whale.
On Monday, Trump Media, the parent company behind US President Donald Trump’s social platforms, announced the purchase of a massive $2 billion worth of Bitcoin, officially joining the expanding list of corporate Bitcoin holders.
The investment outlay means the company deployed into Bitcoin most of the $2.5 billion it raised earlier in the year from stocks and convertible note sales. The choice, the company’s CEO Devin Nunes said, is not just about returns — it’s about freedom.
“These assets help ensure our company’s financial freedom, help protect us against discrimination by financial institutions, and will create synergies with the utility token we’re planning to introduce across the Truth Social ecosphere,” Devin Nunes, Trump Media’s CEO, said in the announcement.