Another interesting move from US President Trump. Trump Media and Technology Group, the parent company of Truth Social, has taken a radical step toward tying its financial future to crypto assets. The company has diverted a significant portion of the $2.3 billion in net proceeds it raised in May through the sale of stock and convertible bonds from approximately 50 institutional investors directly into the cryptocurrency market.

According to the official statement, it used this fund to purchase approximately $2 billion worth of Bitcoin and Bitcoin-related securities. The company also stated that it has signed a $300 million option agreement, potentially allowing it to convert to spot Bitcoin and make additional purchases by capitalizing on market conditions.

Trump Bought $2 Billion in Bitcoin

This bold crypto move is seen as part of Trump’s recent efforts to create alternative income streams. In addition to its main brand, Truth Social, the company is also developing plans to launch a streaming service called Truth+ and various Exchange Traded Funds under the Truth.Fi brand.

The company is also aiming to expand in the technology sector, filing patent applications for the Truth Social AI and Truth Social AI Search brands, clearly indicating its intention to integrate artificial intelligence into its platform.

However, despite these ambitious steps, the company’s financial picture paints a worrying picture. Trump’s company generated a modest revenue of just $821,000 in the first quarter of 2025, while incurring a loss of $30 million during the same period. The risky gamble of this new multi-billion-dollar investment is being debated in financial circles, given the current income-expense imbalance.