Trump Media and Technology Group On Monday, it said that it has accumulated about $ 2 billion in bitcoin and related property, as President Donald TrumpThe highly attractive axis for cryptocurrency continues to increase its net value while living in the office.

Bitcoin Holdings are now two-thirds of the total liquid assets of Trump Media, the company said Press release,

Trump media share On Monday, when the market was opened, 9% pops up. They were about 4% in ET at 2 pm.

Trump’s stake in the company – which trades on Nasdaq under its early, DJT – is around $ 2.3 billion.

The announcement offered the latest marker how Trump and his family have embraced the digital currency to such an extent that Cryptocurrency is now responsible for most of the President’s money on paper, according to A. Forbes analysis From June.

Trump, once a digital-currency suspected, has vowed to make America the world’s cryptocurrency capital. He has already taken many steps in that direction executive Order To establish a “strategic bitcoin reserve”, appointing “Crypto Caesar” and urging the Congress to pass several crypto-related bills.

Trump signed one of those bills on Friday, Genius actIn the law after being passed with bilateral support in the House.

Trump has created millions of people from other cryptocurrency undertakings, including the decentralized finance unit World Liberty Financial and Meme Sikka $ Trump, whose initial coin was released a few days before his inauguration.

Trump family that has a lot World freedom Through a professional unit, according to an Reuters analysis, the launch of the enterprise in September has earned around $ 500 million.

Trump spokespersons have said that President’s relation to World Liberty Does not create a conflict of interest Because His property There are a trust that is currently managed by his son, Donald Trump Junior.

But the property in the autocratic trust still belongs to the President, who is the grant of the trust and its only beneficiary. And after leaving the office in 2029, money will be available with him.

Critic, including Democratic MP And Morality expertWarning that Trump’s crypto interests and his political power are ripened for corruption.

Advocay Group Democracy Defenders Fund said, “As a stakeholder in Crypto Assets, President Trump will benefit from the policies he is carrying forward.” Report In April.

Prior to taking over in January, Trump transferred all DJT shares managed by Trump Junior to a transferred trust. Since then, Trump Media has effectively defined itself as a cryptocurrency and financial services company.

The company’s first product was Twitter -like social media platform Truth Social, which is used by Trump, but has failed to generate too much revenue. The company, which became public through merger with a particular objective acquisition company last year, still attracted thousands of retail investors.

At the end of January, the company announced a Fintech brand, called Truth-Fi, extending an allocation of $ 250 million in investment, including bitcoin and exchange-traded funds.

In February, the company said “strategic acquisition funds with select investors”, and in March it partnered with Crypto.com to start a series of ETFs.

In late May, the company stated that it increased the net income of $ 2.3 billion from selling stock and convertable notes to about 50 institutional investors, and would use those funds to make bitcoin treasury.

Trump Media was announced on Monday morning after a week of bitcoin being a hit after a week, making it the world’s most valuable and popular cryptocurrency.

Property increased by $ 120,000 as investors estimated that the Congress would pass a new US crypto law to establish a clear regulatory structure for the newborn industry.

“We are implementing our publicly declared strategy and fulfilling our bitcoin Treasury scheme,” Trump Media CEO Dewin Nuns said in Monday’s release.

“These assets help to ensure our company’s financial freedom, help to protect us from discrimination by financial institutions, and will keep pace with tokens, we are planning to introduce in truth social ecology,” Nuns said.