Trump Media builds $2 billion bitcoin hoard, as cryptocurrency swells president's net worth

Trump Media and Technology Group said Monday it has accumulated roughly $2 billion in bitcoin and related assets, as President Donald Trump’s highly lucrative pivot to cryptocurrency continues to grow his net worth while in office.

The bitcoin holdings now account for about two-thirds of Trump Media’s total liquid assets, the company said in a press release.

Trump Media shares popped as high as 9% when markets opened Monday. They were up around 4% at 2 p.m. ET.

Trump’s stake in the company — which trades on the Nasdaq under his initials, DJT — is worth nearly $2.3 billion.