Your Resource for Government on Crypto

Trump Media and Technology Group announced that it has accumulated roughly $2 billion in BTC and related assets as part of its previously announced plan to become a crypto treasury company. The company added that “approximately $300 million of additional capital has been allocated to an options acquisition strategy for bitcoin-related securities. Trump Media plans to continue acquiring bitcoin and bitcoin-related assets and to convert its options into spot bitcoin, depending on market conditions. These assets will be used by the company to generate revenues and potentially to acquire additional crypto assets.” Rep. Mary Gay Scanlon (D-PA) voiced concern with the announcement in a post on X, arguing that “The Grift Never Stops.”