Trump Media and Technology Group (DJT) Monday morning disclosed a bitcoin (BTC) stack worth about $2 billion. At bitcoin's current price in the $118,000 area, that would mean around 17,000 coins. "We're rigorously implementing our publicly announced strategy and fulfilling our bitcoin treasury plan," said CEO Devin Nunes in a press release. "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." The company has another $300 million in an options strategy for the acquisition of bitcoin-related securities. DJT in late May launched a $2.5 billion capital raise with the intention of using the money for a bitcoin treasury strategy. Shares are higher by 6.5% in premarket trade.
