Trump Media and Technology Group (TMTG), the company behind Donald Trump’s Truth Social platform, has made a $300 million investment in options linked to Bitcoin-related securities.
While specific details of the investment remain limited, the move signals a shift in strategy as Trump Media appears to be positioning itself to benefit from fluctuations in Bitcoin prices, according to a Bloomberg report.
“It adds a timing and price element that doesn’t exist if you just own the underlying asset,” he said, pointing out that options allow for higher potential returns, but with increased risk. Bitcoin-linked securities can include exchange-traded funds (ETFs), shares in crypto firms, or convertible notes from companies like MicroStrategy.
Steve Sosnick, chief strategist at Interactive Brokers, noted the timing of this strategy is critical.
His posts on Truth Social have previously driven price surges. In March, a post claiming the US should consider a reserve asset composed of cryptocurrencies including Bitcoin and Ethereum coincided with a jump in digital asset prices.
TMTG declined to comment. A White House spokesperson told Bloomberg that the president “has never engaged in, and never will engage in, any conflict of interest.”
However, the move is raising concerns among some industry figures. Nick Carter, general partner at Castle Island Ventures and a Trump supporter, said the overlap between Trump’s political influence and his financial exposure to crypto markets could create a conflict of interest.
Trump’s crypto-linked holdings are also a substantial part of his personal wealth. Bloomberg’s Billionaires Index estimates that TMTG stock represents $2.2 billion of Trump’s $6.6 billion fortune.
