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Trump Media hits $2 billion in bitcoin holdings, stock soars

Just one week after bitcoin recorded a new all-time high, the parent company of Truth Social, Trump Media & Technology Group, announced increasing its bitcoin and related securities by $2 billion as part of its crypto treasury strategy. 

The acquisition represents two-thirds of the firm’s $3 billion in liquid assets, according to a Monday press release, which also stated that roughly $300 million of additional capital has been allocated “to an options acquisition strategy for bitcoin-related securities.” 

“We’re rigorously implementing our publicly announced strategy and fulfilling our bitcoin treasury plan,” Devin Nunes, Trump Media’s CEO and president, said in a statement. 

The announcement comes more than two weeks after the company filed with the US Securities and Exchange Commission for a third ETF that will hold multiple cryptocurrencies, including bitcoin. 

The price of bitcoin has remained unchanged in the last 24 hours, trading above the $118,000 level. The orange coin, which peaked around $122,800 on July 14, makes up the majority of the entire crypto industry’s $4 trillion market capitalization.

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Ripple launches treasury platform to manage cash and cryptocurrencies

Ripple, the firm closely tied to the fifth-largest cryptocurrency, XRP, introduced a new treasury platform for digital asset and traditional cash management for users like financial officers, treasurers, and accountants. 

Ripple’s move comes more than three months after it acquired treasury software provider GTreasury for $1 billion, one of several steps to grow the firm’s position in corporate finance.

Combining Ripple’s blockchain rails and GTreasury’s software, the new platforms goal is to simplify treasury operations. It eliminates settlement delays with payment times of three to five seconds and optimizes yield from working capital 24/7 through tokenized money market funds such as BlackRock’s BUIDL and overnight secure repo markets with RLUSD, according to a Tuesday blog post

Ripple Treasury also aims to provide “real-time cash positions, automated forecasting, and seamless reporting across traditional cash, digital assets, RLUSD, and XRP holdings,” the blog post stated.

Last year, Ripple filed its national banking license application with the US Office of the Comptroller of the Currency, while the firm’s subsidiary Standard Custody & Trust Company applied for a Federal Reserve master account, which would allow Ripple to hold RLUSD reserves directly with the Fed.

XRP has seen $2.4 billion in trading volume in the last 24 hours, increasing 1.8% in the period. The tokens all-time high was set in July 2025 at $3.65. Meanwhile, spot XRP ETFs had nearly $9.2 million worth of inflows on Tuesday, bringing cumulative inflows to $1.4 billion.

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