Trump Media stock surges after acquiring $2 billion of bitcoin

Trump Media (DJT) stock opened 6% higher Monday morning after the company announced it had purchased $2 billion in bitcoin (BTC-USD) and related securities.

President Trump's namesake media group runs his social media platform, Truth Social, along with streaming platform Truth+ and financial services brand Truth.Fi. Trump Media said it acquired the cryptocurrencies as part of a previously shared plan in May to become a bitcoin treasury company.

With those purchases, Trump Media said exposure to the world's largest cryptocurrency now comprises two-thirds of its total of $3 billion in assets.

By David Hollerith

Full story at Yahoo News.