Trump Media and Technology Group announced the acquisition of around $2 billion in Bitcoin and related securities. This purchase comprises nearly two-thirds of its $3 billion in liquid assets. An additional $300 million will be allocated for options targeting Bitcoin-related securities. CEO Devin Nunes emphasized that these acquisitions aim to ensure financial freedom and protect against discrimination by financial institutions. The firm plans to continue acquiring Bitcoin and possibly generate revenues from these assets, aligning with their previously reported $3 billion entry into digital assets.
"These assets help ensure our Company's financial freedom, help protect us against discrimination by financial institutions, and will create synergies with the utility token we're planning to introduce across the Truth Social ecosphere."
"We're rigorously implementing our publicly announced strategy and fulfilling our Bitcoin treasury plan."
"The company emphasized that these assets will not only serve as treasury reserves but may also be used to generate revenues and fund potential Bitcoin acquisitions."
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