Trump Media and Technology Group’s (NASDAQ:DJT) Bitcoin (CRYPTO: BTC) investment plan has received approval from the Securities and Exchange Commission, the company said Friday.
By simultaneously enhancing and growing our social media platform, TV streaming platform, and our FinTech brand, while establishing a Bitcoin treasury, we aim to continue rapidly transforming Trump Media into an indispensable company for the expanding customer base of the Patriot Economy,” Trump Media’s CEO and President Devin Nunes said.
See Also: XDC Network: The Irreplaceable Backbone Of Modern Global Trade Finance
The Trump family has been deepening their involvement in the Bitcoin space. Truth Social recently submitted a filing for a “Truth Social Bitcoin ETF," designed to track the price of the apex cryptocurrency.
Moreover, at a Bitcoin conference last month, Donald Trump Jr. stated that they are "seriously long" on Bitcoin.
Price Action: Trump Media stock closed 2.06% lower at $19.52 during Friday’s trading session, according to data from Benzinga Pro. Bitcoin was trading at $106,535.46, up 0.93% in the last 24 hours.
As of this writing, the DJT stock exhibited a low value score— a metric that evaluates an asset's relative worth by comparing its market price to fundamental measures. In case you’re looking to pack your portfolio with high-value equities, check out Benzinga’s proprietary Edge Rankings score.
Read Next:
Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
