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Aditya Raghunath

Trump Media Now Boasts $2 Billion of Bitcoin. How Should You Play DJT Stock Here?

DJT Bitcoin Trump Media Devin Nunes Truth Truth Social Crypto Donald Trump

Trump Media & Technology Group (DJT) shares surged more than 3% on Monday after the company revealed that it has accumulated $2 billion in Bitcoin (BTCUSD) and Bitcoin-related securities, representing two-thirds of its total $3 billion in liquid assets.

The cryptocurrency strategy marks a pivot for the Truth Social parent company, which has allocated an additional $300 million to an options acquisition strategy for Bitcoin-related securities. Management statements indicate that DJT plans to continue accumulating Bitcoin and may convert options to spot Bitcoin based on market conditions.

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