Trump Media and Technology Group (DJT) is making waves in the crypto space again. On-chain data from Arkham revealed Monday that the company, which is minority-owned by President Donald Trump, scooped up roughly 451 Bitcoin in three separate transactions through Crypto.com. The total tab? About $40.3 million.
Bitcoin Reserves Cross the Billion-Dollar Threshold
This latest buying spree pushes Trump Media's total Bitcoin stash to 11,542 BTC, now valued at approximately $1.02 billion at prevailing market prices. That's a pretty substantial crypto treasury for a company primarily known for running a social media platform.
The company hasn't officially confirmed the purchase yet, and requests for comment were pending at the time of writing. But blockchain data doesn't lie—those transactions are publicly visible for anyone to verify.
The Trump Family's Crypto Ambitions Keep Growing
The Bitcoin accumulation is just the latest chapter in the Trump family's expanding involvement with cryptocurrency. Earlier this year, Trump Media submitted a filing for a "Truth Social Bitcoin ETF," designed to track the price of Bitcoin. The move signals the company's intention to build an entire ecosystem around crypto, not just hold it on the balance sheet.
President Trump himself has become increasingly vocal about Bitcoin in his public addresses, describing its growing adoption as "a great thing" for the United States. It's a notable shift for someone who was once skeptical of digital currencies.
Understanding Trump's Stake in the Company
Trump maintains a 41.5% ownership position in Trump Media, according to the most recent 13D filing. That translates to exactly 114,750,000 shares, which were worth about $1.65 billion at Monday's closing price.
In an interesting twist, Trump transferred his entire stake to a trust controlled by his eldest son, Donald Trump Jr., before his presidential swearing-in. The arrangement keeps the ownership within the family while potentially addressing conflict-of-interest concerns.
Market Reaction and Stock Performance
The crypto purchase news gave DJT shares a boost in after-hours trading, climbing 2.16% after a rough regular session that saw the stock tumble 10.44% to close at $14.41. Year-to-date, the stock has taken a beating, plunging 57%.
Bitcoin was trading at $88,263.67 at the time of writing, down a modest 0.22% over the previous 24 hours.
The stock's momentum indicators haven't been encouraging lately—DJT has performed poorly in momentum rankings, which measure a stock's relative strength based on price movement patterns and volatility across multiple timeframes. For investors looking at the broader picture, that's worth keeping in mind alongside the headline-grabbing crypto purchases.