US Stock Market Move | Trump Media & Technology Group (DJT.US) rose more than 6% and the total amount of Bitcoin reserves purchased has reached $2 billion.

On Monday, Trump Media & Technology Group (DJT.US) rose over 6%, to $19.88. In terms of news, Trump Media & Technology Group announced on July 21 that the company has accumulated approximately $2 billion in Bitcoin and Bitcoin-related securities. In addition, the company has set aside around $300 million for options on Bitcoin-related securities purchasing strategy. Trump Media & Technology Group plans to continue acquiring Bitcoin and Bitcoin-related assets, and convert its options to physical Bitcoin based on market conditions. These assets will be used to generate revenue for the company and potentially acquire more digital assets. Devin Nunes, CEO and President of Trump Media & Technology Group, stated: "We are rigorously implementing the publicly announced strategy to implement the Bitcoin treasury plan. These assets will help ensure the financial independence of the company, protect us from discrimination by financial institutions, and will synergize with the utility tokens we plan to launch within the Truth Social ecosystem."