Trump Media Completes $2 Billion Bitcoin Purchase Following Historic Crypto Legislation

The timing shows how quickly the crypto industry moved after Congress passed new rules. Trump Media’s Bitcoin treasury now holds two-thirds of the company’s $3 billion in cash and investments.

Trump Media & Technology Group announced on Monday that it has completed a $2 billion Bitcoin purchase, making it one of the largest corporate cryptocurrency holders in the United States. The announcement came just days after President Trump signed the first major federal crypto legislation into law.

Trump Media Becomes Major Bitcoin Holder

Trump Media, which owns the Truth Social platform, now ranks as the third-largest corporate Bitcoin holder in America. Only MicroStrategy, with $63 billion in Bitcoin, and MARA Holdings, with $5 billion, hold more of the digital currency.

The company also put $300 million toward buying options for Bitcoin-related investments. CEO Devin Nunes said the Bitcoin purchase helps protect the company from what he calls “discrimination by financial institutions” against conservative businesses.

“We view Bitcoin as an apex instrument of financial freedom,” Nunes said in a May statement when the company first announced its Bitcoin plans.

Fundraising Started in May

Trump Media began raising money for Bitcoin purchases in May 2025. The company sold $1.5 billion in stock and $1 billion in convertible bonds to about 50 institutional investors. The fundraising brought in $2.32 billion after fees.

At the time, Bitcoin was trading around $110,000 per coin. The $2.5 billion raised would have bought more than 22,500 Bitcoin tokens at those prices. Trump Media has not said exactly how many Bitcoin it owns or what price it paid.

The company stores its Bitcoin with Anchorage Digital and Crypto.com, the same platform it plans to use for launching crypto investment funds later this year.

Historic Crypto Week in Congress

While Trump Media was buying Bitcoin, Congress was making history with crypto legislation. The House spent the week of July 14-18 voting on three major crypto bills during what Republicans called “Crypto Week.”

The most important bill was the GENIUS Act, which creates rules for stablecoins. Stablecoins are digital currencies tied to stable assets like the U.S. dollar. The House passed it 308-122 with support from both parties.

President Trump signed the GENIUS Act on July 18, making it the first major crypto law in U.S. history. The law lets banks and other financial companies issue their own stablecoins if they follow certain rules.

Congress also passed the CLARITY Act, which sets rules for how different crypto assets get regulated. That bill now goes to the Senate. A third bill blocks the Federal Reserve from creating a government digital currency.

Political Drama Nearly Stopped the Bills

The crypto bills almost failed when conservative Republicans rebelled against House leadership. About a dozen conservatives voted against moving the bills forward on Tuesday, July 15.

House Speaker Mike Johnson canceled remaining votes and the holdouts went to the White House to meet with Trump. After the meeting, Trump posted on Truth Social that the Republicans “have all agreed to vote” for the legislation.

“they have all agreed to vote”Source: @realDonaldTrump

The drama continued Wednesday when the House held a record-breaking 10-hour vote before finally approving the rules to debate the crypto bills. Some Republicans who wrote the original legislation opposed last-minute changes meant to win over the conservative holdouts.

Trump Family’s Growing Crypto Interests

The crypto legislation could benefit Trump and his family financially. The Trump family owns part of World Liberty Financial, a crypto company that issued its own stablecoin called USD1 in March.

Trump reported earning $57.35 million from World Liberty Financial token sales in 2024, according to public financial records. The family has made about $500 million from the platform since it launched.

Some Democrats criticized the legislation for not stopping public officials from profiting from crypto investments. The GENIUS Act bans members of Congress and their families from making money off stablecoins, but does not include the same rule for the president.

“By passing this bill, Congress will be telling the world that Congress is OK with corruption,” said Representative Maxine Waters, the top Democrat on the House Financial Services Committee.

What’s Next

Trump Media plans to continue buying Bitcoin based on market conditions and is developing a utility token for Truth Social plus crypto investment funds through Crypto.com.

The CLARITY Act still needs Senate approval. Senate Banking Committee Chairman Tim Scott wants crypto legislation finished by September 30, but the Senate may write its own version.

The crypto market hit record highs after the legislation passed, with total market value reaching $4 trillion. Trump Media’s purchase demonstrates how quickly companies are adopting crypto under the new legal framework. More corporations may add Bitcoin to their balance sheets as Trump pushes to make America the “crypto capital of the planet.”