Trump Media Boosts Bitcoin Holdings Near $2 Billion Amid Crypto Market Surge

Trump Media & Technology Group Corp. has made a significant move by accumulating approximately $2 billion in Bitcoin and Bitcoin-related securities, now representing two-thirds of the company's $3 billion liquid assets. This strategic pivot positions Trump Media as a Bitcoin treasury company, with an additional $300 million earmarked for digital asset options, aligning with CEO Devin Nunes' vision to protect the company from banking discrimination and integrate a utility token across its platforms. Bitcoin experienced a slight pullback to around $116,233 but remains near record highs, while Ethereum surged past $3,800, driven by institutional interest and inflows to products like the BlackRock ETH ETF. The broader cryptocurrency market capitalization stands at about $3.90 trillion, with ongoing legislative developments such as the GENIUS Act providing regulatory clarity for stablecoins, which may accelerate crypto adoption. Market analysts note increased profit-taking among long-term Bitcoin holders yet see room for potential new all-time highs if key resistance levels are surpassed. Concurrently, U.S. stocks continued to reach record levels, reflecting overall investor optimism amid upcoming earnings reports from major companies like Tesla and Alphabet.