Trump Media Raises $2.5 Billion for Bitcoin Amid New Crypto Policies

Trump Media & Technology Group has secured $2.5 billion to invest in Bitcoin. The move aligns with the Trump administration’s pro-crypto stance, aiming to establish a national Bitcoin reserve. Cantor Fitzgerald is also forming a Bitcoin holding company worth $3.6 billion. Meanwhile, legislation is progressing in Congress to enhance crypto oversight by the CFTC, led by Rep. French Hill’s push for regulatory clarity.

Trump Media & Technology Group (TMTG) has announced a significant move to boost its Bitcoin holdings, raising a substantial $2.5 billion through agreements with around 50 unnamed institutional investors. The company plans to set up what it refers to as a “Bitcoin treasury.” Notably, former President Donald Trump holds just over 50% of TMTG’s stock.

This initiative coincides with the Trump administration’s push for pro-crypto policies. Earlier this year, an executive order from Trump established a national Bitcoin and digital assets reserve, aiming to foster a supportive environment for cryptocurrency. Industry experts are hopeful that this move will encourage greater institutional investment in Bitcoin and potentially influence other nations to follow suit.

In an interesting development, Cantor Fitzgerald, led by Commerce Secretary Howard Lutnick’s family interests, recently announced a merger leading to a new Bitcoin holding company valued at around $3.6 billion. This firm has been actively increasing its Bitcoin investments, as detailed in recent filings with the Securities and Exchange Commission (SEC).

In parallel, significant legislation is advancing in the U.S. House aimed at the cryptocurrency industry. This renewed bill updates last year’s FIT21 legislation, which previously gained support from Republicans. It proposes to give the Commodity Futures Trading Commission (CFTC) a larger role in overseeing crypto trading—a development touted by Rep. French Hill (R-Ark.). Hill, now chair of the House Financial Services Committee, has emerged as a strong advocate for cryptocurrency, promoting the need for what he calls “regulatory clarity” in the space.