Trump Media has raised more than $2.3 billion so it can buy bitcoin, propeling itself into the bitcoin treasury-reserve game.

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This article was updated to clarify that American Bitcoin mined its Bitcoin holdings. American Bitcoin, a Bitcoin BTC mining company backed by Eric Trump and Donald Trump Jr., mined millions worth of the apex cryptocurrency,

Trump Media and Technology Group Corp. on Thursday said it had filed a registration statement for an exchange-traded fund that would directly hold bitcoin — the latest move into cryptocurrency by those in Trump’s orbit as his administration tries to deregulate the industry.

Trump Media & Technology Group Corp., the company behind Truth Social, raised around $1.44 billion from selling stock at a price of $25.72 per share and raised about $1 billion in convertible bonds, to buy Bitcoin for its treasury.

On June 5, President Donald Trump-backed social media company, Truth Social, filed an S-1 with the Securities and Exchange Commission (SEC) to list the Truth Social Bitcoin exchange-traded fund (ETF) on the New York Stock Exchange (NYSE).

Investors who want to insulate themselves from Trump’s market impact can employ a one-by-two put option spread while selling call options.

Pool via AP The rapidly escalating feud between President Donald Trump and Elon Musk has not only stunned the political media world but also caused Tesla’s stock price to plummet throughout the day Thursday.

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