Trump Media and Technology Group announced on Monday that it now holds approximately $2 billion in bitcoin and related assets, according to CNBC. The move makes cryptocurrency nearly two-thirds of its liquid portfolio, and cryptocurrency now accounts for the majority of Trump’s wealth, according to a June Forbes analysis. Trump has vowed to make the U.S. the global leader in cryptocurrency. He signed an executive order to establish a Bitcoin reserve, appointed a cryptocurrency czar, and advocated for cryptocurrency legislation. Trump Media shares rose as much as 9% Monday. Trump’s stake in Trump Media, which trades on the Nasdaq as DJT, is valued at nearly $2.3 billion.
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Trump Media and Technology Group said Monday it now holds around $2 billion in Bitcoin and related assets, according to CNBC.
00:09Blue makes crypto nearly two-thirds of its liquid portfolio, and cryptocurrency now counts for most of Trump's wealth, according to a June forum's analysis.
00:17Trump has vowed to make the U.S. the global leader in cryptocurrency.
00:20He signed an executive order to create a Bitcoin reserve, voting a crypto czar, and pushed for crypto legislation.
00:26Trump Media shares rose as much as 9% Monday.
00:28Trump's stake in Trump Media, which trades on the Nasdaq as DJT, is valued at nearly $2.3 billion.
