Trump Media and Technology Group said Monday it has accumulated roughly $2 billion in bitcoin and related assets, as President Donald Trump’s highly lucrative pivot to cryptocurrency continues to grow his net worth while in office.
The bitcoin holdings now account for about two-thirds of Trump Media’s total liquid assets, the company said in a press release.
Trump Media shares popped as high as 9% when markets opened Monday. They were up around 4% at 2 p.m. ET.
Trump’s stake in the company — which trades on the Nasdaq under his initials, DJT — is worth nearly $2.3 billion.
The announcement offered the latest marker of how Trump and his family have embraced digital currency to such a degree that cryptocurrency now accounts for most of the president’s wealth on paper, according to a Forbes analysis from June.
Trump, once a digital-currency skeptic, has vowed to make the U.S. the world’s cryptocurrency capital. He has already taken multiple steps in that direction by signing an executive order to establish a “strategic bitcoin reserve,” appointing a “crypto czar” and urging Congress to pass multiple crypto-related bills.
Trump on Friday signed one of those bills, the GENIUS Act, into law after it passed with bipartisan support in the House.