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Trump Media Discloses $2B Bitcoin Stack

The company roughly two months ago completed a capital raise of $2.5 billion with intensions on building a bitcoin treasury.

Updated Jul 21, 2025, 2:28 p.m. Published Jul 21, 2025, 12:46 p.m.
U.S. President Donald Trump speaking Friday in the White House's East Room ahead of signing the GENIUS Act into law. (Nikhilesh De/CoinDesk)
Donald Trump (Nikhilesh De/CoinDesk)

What to know:

  • Trump Media and Technology Group (DJT) disclosed the accumulation of about $2 billion in bitcoin (BTC).
  • Another $300 million in capital is in an options strategy for adding bitcoin-related securities.

Trump Media and Technology Group (DJT) Monday morning disclosed a bitcoin stack worth about $2 billion.

At bitcoin's current price in the $118,000 area, that would mean around 17,000 coins.

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"We're rigorously implementing our publicly announced strategy and fulfilling our bitcoin treasury plan," said CEO Devin Nunes in a press release. "These assets help ensure our Company's financial freedom, help protect us against discrimination by financial institutions, and will create synergies with the utility token we're planning to introduce across the Truth Social ecosphere."

The company has another $300 million in an options strategy for the acquisition of bitcoin-related securities.

DJT in late May launched a $2.5 billion capital raise with the intention of using the money for a bitcoin treasury strategy.

Shares are higher by 6.5% in premarket trade.

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

What to know:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

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Bitcoin stuck near $88,000 as gold's and silver's record-breaking rallies show exhaustion signs

Bitcoin (BTC) price on Jan. 26 (CoinDesk)

"Gold and silver casually adding an entire bitcoin market cap in a single day," wrote one crypto analyst.

What to know:

  • Bitcoin is off its worst levels of the weekend, but still near the year's low at $87,700.
  • Facing the same news cycle as crypto, precious metals continued to surge higher, but a quick retreat from their highs on Monday suggested a bit of exhaustion was setting in.
  • Analysts remain dour on the outlook for crypto prices given the looming government shutdown as well as delays in passage of the Clarity Act.