Trump Media builds $2 billion bitcoin hoard

Trump Media has accumulated roughly $2 billion in bitcoin and related assets, as President Donald Trump grows his wealth with crypto.

Trump Media and Technology Group said Monday it has accumulated roughly $2 billion in bitcoin and related assets, as President Donald Trump’s highly lucrative pivot to crypto continues to grow his net worth while in office.

The bitcoin holdings now account for about two-thirds of Trump Media’s total liquid assets, the company said in a press release.

Trump Media shares popped as high as 9% when markets opened Monday morning. They were up around 4% at 2 p.m. ET.

Trump’s stake in the company — which trades on the Nasdaq under his initials, DJT — is worth nearly $2.3 billion.

The announcement offered the latest marker of how Trump and his family have embraced digital currency to such a degree that crypto now accounts for most of the president’s wealth on paper, according to a Forbes analysis from June.