Trump's media company, backed by $2.5 billion in funding, has invested $2 billion in Bitcoin and Bitcoin-related securities following the passage of significant crypto bills in the US House. Trump Media plans to continue acquiring these assets based on market conditions. The recent surge in Bitcoin prices after the bills were passed reflects market excitement. Trump's family-backed crypto business, World Liberty Financial, may benefit from Trump signing the GENIUS stablecoin bill into law, as the company has its own stablecoin. Additionally, the president's memecoin, Official Trump (TRUMP), saw a price increase. Trump previously signed an executive order to establish a national Bitcoin reserve, hinting at potential further involvement with cryptocurrencies.
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