29-7-2025 – Trump Media and Technology Group has expanded its Bitcoin holdings to $2 billion, representing two-thirds of its liquid assets, as President Donald Trump champions cryptocurrency as a driver of U.S. economic growth. The company, which operates Truth Social, also allocated $300 million to Bitcoin-related derivatives, including ETFs and blockchain stocks, according to Bloomberg.
This move aligns with Trump’s vision to position the U.S. as the global crypto leader. At a White House press conference, Trump highlighted Bitcoin’s role in easing pressure on the U.S. dollar and boosting job creation, noting his pre-presidency investments and his sons’ involvement in the sector. His administration’s actions, including signing the GENIUS Act on July 18 and establishing a Strategic Bitcoin Reserve, aim to foster a robust crypto industry.
🇺🇸 TRUMP: “It’s (Bitcoin) become amazing… It’s a great thing for our country.” pic.twitter.com/qo3N2QVJyD
— Cointelegraph (@Cointelegraph) July 28, 2025
Trump emphasized that without U.S. leadership, China could dominate the space. The Trump family’s World Liberty Financial, a decentralized finance platform, has generated $500 million since its 2024 launch, raising concerns about potential conflicts of interest given Trump’s trust-managed holdings. Trump Media’s CEO, Devin Nunes, stated the Bitcoin portfolio ensures “financial freedom” and supports plans for a Truth Social utility token.
At the Bitcoin 2025 conference, Trump’s sons and Vice President J.D. Vance advocated for pro-crypto policies, predicting Bitcoin could reach $150,000–$175,000 by 2026. Bitcoin’s current price of $118,065 reflects a 0.3% dip in the last 24 hours but a strong upward trend, fueled by institutional adoption and regulatory clarity.
