Trump Media and Technology Group (TMTG), the company behind Truth Social, has announced the accumulation of approximately $2 billion in Bitcoin and related assets. This move aligns with the company's previously disclosed Bitcoin treasury strategy, which aims to integrate cryptocurrency into its financial portfolio. The holdings now constitute about two-thirds of TMTG's liquid assets. Additionally, the company has allocated approximately $300 million for further investments in Bitcoin-related securities, with plans to convert these options into spot Bitcoin depending on market conditions. TMTG's CEO and President, Devin Nunes, emphasized that this strategy is designed to ensure the company's financial independence and to create synergies with a planned utility token across the Truth Social ecosystem.
This announcement follows the recent passage of the GENIUS Act by the U.S. House of Representatives on July 17, 2025. The GENIUS Act establishes a regulatory framework for stablecoins—cryptocurrencies pegged to assets like the U.S. dollar—clearing the way for traditional banks to launch their own digital currencies. The bill now awaits President Donald Trump's signature.
The GENIUS Act introduces a regulatory framework for stablecoins, aiming to provide clarity and security for digital asset transactions. The legislation requires stablecoin issuers to fully back their tokens with liquid assets, such as U.S. dollars or short-term Treasuries, and mandates monthly public disclosures of reserve compositions. Additionally, the act prohibits misleading claims that stablecoins are backed by the U.S. government or are legal tender. These measures are intended to protect consumers and strengthen the U.S. dollar's position as the global reserve currency.
In related developments, the cryptocurrency sector has experienced significant growth, with the global market valuation surpassing $4 trillion. This surge is attributed to increased institutional investment, favorable regulatory advancements, and widespread adoption of digital assets. Bitcoin, the leading cryptocurrency, has reached new highs, reflecting growing investor confidence in the digital asset space.
These developments highlight the evolving landscape of digital assets in the United States, with both private companies and government initiatives contributing to the integration and regulation of cryptocurrencies within the financial system.