Trump Media announced on Monday that it has invested approximately 2 billion dollars of the 2.3 billion dollars it raised to establish a Bitcoin treasury into Bitcoin.

This announcement led to Trump Media shares rising by up to 9%. However, the shares closed up 3.1% on Monday.
This announcement showed that Trump’s interest in cryptocurrency has increased. The Trump family has launched various crypto initiatives this year, including World Liberty Financial Group and $TRUMP memecoin. These initiatives have increased the president's personal wealth.
The president signed decrees to establish a strategic Bitcoin reserve earlier this year and appointed a "crypto czar" for the White House.
Trump's interest in cryptocurrency was also seen recently with his signing of the GENIUS Act. This law creates a regulatory framework for stablecoins. The passage of the law became a significant driving force behind the recent rally in crypto, as investors welcomed the regulatory approval from the U.S. #Trump’s AI Strategy#