Here’s why Trump Media stock price is soaring today
Trump Media (NASDAQ: DJT) surged at the opening bell on Monday after announcing that its Bitcoin treasury program has swelled to approximately $2 billion in combined holdings of Bitcoin and Bitcoin-related securities. The company, which operates Truth Social, revealed in a press release that the crypto-heavy strategy now accounts for roughly two-thirds of its $3 billion in liquid assets. In addition to direct Bitcoin exposure, Trump Media has allocated $300 million for purchasing options tied to Bitcoin-linked equities, which it may eventually convert into spot Bitcoin depending on market conditions. DJT shares rose 8.73% pre-market, jumping from Friday’s close of $18.67 to $20.30 on the news. The market reaction reflects growing investor confidence in the company’s aggressive move into digital assets, which aligns closely with President Trump’s broader push for the United States to become a global crypto leader. Trump Media price at market open. Source: Google Financ...