The timing reveals how rapidly the crypto trade moved after Congress handed new guidelines. Trump Media’s Bitcoin treasury now holds two-thirds of the corporate’s $three billion in money and investments.
Trump Media & Expertise Group introduced on Monday that it has accomplished a $2 billion Bitcoin buy, making it one of many largest company cryptocurrency holders in the US. The announcement got here simply days after President Trump signed the primary main federal crypto laws into legislation.
Trump Media Turns into Main Bitcoin Holder
Trump Media, which owns the Truth Social platform, now ranks because the third-largest company Bitcoin holder in America. Solely MicroStrategy, with $63 billion in Bitcoin, and MARA Holdings, with $5 billion, maintain extra of the digital forex.
The corporate additionally put $300 million towards shopping for choices for Bitcoin-related investments. CEO Devin Nunes stated the Bitcoin buy helps shield the corporate from what he calls “discrimination by monetary establishments” towards conservative companies.
“We view Bitcoin as an apex instrument of monetary freedom,” Nunes stated in a May statement when the corporate first introduced its Bitcoin plans.
Fundraising Began in Could
Trump Media started elevating cash for Bitcoin purchases in Could 2025. The corporate offered $1.5 billion in inventory and $1 billion in convertible bonds to about 50 institutional buyers. The fundraising introduced in $2.32 billion after charges.
On the time, Bitcoin was buying and selling round $110,000 per coin. The $2.5 billion raised would have purchased greater than 22,500 Bitcoin tokens at these costs. Trump Media has not stated precisely what number of Bitcoin it owns or what value it paid.
The corporate shops its Bitcoin with Anchorage Digital and Crypto.com, the identical platform it plans to make use of for launching crypto funding funds later this 12 months.
Historic Crypto Week in Congress
Whereas Trump Media was shopping for Bitcoin, Congress was making historical past with crypto laws. The Home spent the week of July 14-18 voting on three main crypto payments throughout what Republicans known as “Crypto Week.”
An important invoice was the GENIUS Act, which creates guidelines for stablecoins. Stablecoins are digital currencies tied to steady property just like the U.S. greenback. The House passed it 308-122 with assist from each events.
President Trump signed the GENIUS Act on July 18, making it the primary main crypto legislation in U.S. historical past. The legislation lets banks and different monetary corporations situation their very own stablecoins in the event that they comply with sure guidelines.
Congress additionally handed the CLARITY Act, which units guidelines for the way completely different crypto property get regulated. That invoice now goes to the Senate. A 3rd invoice blocks the Federal Reserve from making a authorities digital forex.
Political Drama Almost Stopped the Payments
The crypto payments virtually failed when conservative Republicans rebelled towards Home management. A couple of dozen conservatives voted towards transferring the payments ahead on Tuesday, July 15.
Home Speaker Mike Johnson canceled remaining votes and the holdouts went to the White Home to satisfy with Trump. After the assembly, Trump posted on Reality Social that the Republicans “have all agreed to vote” for the laws.
“they’ve all agreed to vote”Supply: @realDonaldTrump
The drama continued Wednesday when the Home held a record-breaking 10-hour vote earlier than lastly approving the principles to debate the crypto payments. Some Republicans who wrote the unique laws opposed last-minute modifications meant to win over the conservative holdouts.
Trump Household’s Rising Crypto Pursuits
The crypto laws may gain advantage Trump and his household financially. The Trump household owns a part of World Liberty Monetary, a crypto firm that issued its personal stablecoin known as USD1 in March.
Trump reported incomes $57.35 million from World Liberty Monetary token gross sales in 2024, in accordance with public monetary data. The household has made about $500 million from the platform because it launched.
Some Democrats criticized the laws for not stopping public officers from cashing in on crypto investments. The GENIUS Act bans members of Congress and their households from earning profits off stablecoins, however doesn’t embody the identical rule for the president.
“By passing this invoice, Congress will likely be telling the world that Congress is OK with corruption,” stated Consultant Maxine Waters, the highest Democrat on the Home Monetary Companies Committee.
What’s Subsequent
Trump Media plans to proceed shopping for Bitcoin based mostly on market situations and is creating a utility token for Reality Social plus crypto funding funds by means of Crypto.com.
The CLARITY Act nonetheless wants Senate approval. Senate Banking Committee Chairman Tim Scott desires crypto laws completed by September 30, however the Senate could write its personal model.
The crypto market hit report highs after the laws handed, with whole market worth reaching $four trillion. Trump Media’s buy demonstrates how rapidly corporations are adopting crypto underneath the brand new authorized framework. Extra companies could add Bitcoin to their steadiness sheets as Trump pushes to make America the “crypto capital of the planet.”
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