The bitcoin position now makes up roughly two-thirds of Trump Media's total liquid assets, the company said in a statement. Shares of the company, which trades under Trump's initials, rose as much as 9% at the open before settling up about 4% by mid-afternoon.

Trump Media & Technology Group (DJT) shares surged more than 3% on Monday after the company revealed that it has accumulated $2 billion in Bitcoin (BTCUSD) and Bitcoin-related securities, representing two-thirds of its total $3 billion in liquid assets.

In a bold pivot, Trump Media & Technology Group (DJT), the parent company of President Trump's social media platform Truth Social, has acquired $2 billion in Bitcoin (BTC) and related securities, positioning itself as a major player in the cryptocurrency space.

Approximately $300 million would be allocated to an options acquisition strategy for Bitcoin-related securities.

Trump Media’s stock rallied to a six-week high Tuesday — with bitcoin approaching another record high — as the parent of President Trump’s Truth Social social-media platform looks to ride the bitcoin wave.

Shares of Trump Media & Technology Group Corp (NASDAQ:DJT) are experiencing a slight pullback in Thursday morning trading, appearing to consolidate after a rally earlier this week.

The share price of Trump Media, which trades under the DJT ticker, surged after the attempted assassination of former President Donald Trump.