Bitcoin News Today: Trump Media Buys $2 Billion Bitcoin Amid Crypto Policy Shifts

Trump Media and Technology Group, the parent company of Truth Social, has disclosed that it has accumulated approximately $2 billion worth of Bitcoin and related digital assets. This revelation comes as part of an investment strategy that the company had previously announced earlier this year. The disclosure was made in a filing on July 21, just days after the U.S. House of Representatives advanced a set of three crypto bills, including a stablecoin framework that was signed into law by President Donald Trump.

The media firm began acquiring Bitcoin using proceeds from a recent $2.5 billion fundraising effort, which included $1.5 billion from equity sales and $1 billion from bond offerings. This move indicates a more proactive stance by Trump-aligned businesses in leveraging the favorable momentum in crypto policy. The firm has stated that it may continue to purchase Bitcoin and similar assets, depending on broader market conditions.

The announcement follows what Republicans referred to as “crypto week” in Congress. The new law establishes rules for U.S. dollar-pegged digital tokens, while additional proposals covering crypto trading infrastructure and central bank-issued digital currencies are awaiting review in the Senate. This legislative backing, combined with market signals, reflects a broader push from Trump-linked entities to position themselves at the forefront of the digital asset economy.

World Liberty Financial, a stablecoin platform with connections to the Trump family, saw its governance token WLFI more than double in value over the past week following a vote enabling secondary market trading. This increased activity in digital assets tied to Trump’s personal brand has coincided with Bitcoin’s recent rally, which saw the token briefly trade above $123,000 earlier in the week before retreating to about $116,600.

Trump issued an executive order in March to establish a Strategic Bitcoin Reserve, a federal stockpile of digital assets. While early analysis suggested the reserve might consist of crypto seized by law enforcement, recent statements from senior officials have hinted at broader approaches, including monetizing dormant government-held assets. This strategic move aligns with the media firm’s Bitcoin investment, signaling a concerted effort to capitalize on the growing digital asset economy.