As reported, Trump Media and Technology’s Bitcoin and related securities now account for about two-thirds of its near $3 billion liquid assets. The firm, which manages Trump’s Truth Social platform, intends to continue expanding its Bitcoin and associated securities portfolio, with a further $300 million already earmarked for a crypto asset options acquisition strategy.

Devin Nunes, Chief Executive, expressed that these assets are crucial to the financial independence of the company, offering protection against financial institution discrimination and fostering synergies with the upcoming utility token for the Truth Social network.

Trump Media has previously ventured into the crypto industry by filing to initiate a Bitcoin investment fund and launching Truth.Fi, a finance company that intends to invest approximately $250 million in cryptocurrencies and other assets.

Through the signing of the Genius Act into law, Trump has facilitated widespread adoption and investment in the crypto industry, providing oversight for stablecoins, a crypto asset usually tied to a government currency like the US dollar. Furthermore, Trump has been advocating for the passing of the Clarity Act, which would establish a definitive regulatory framework for digital assets.

Once critical of the industry, Trump last year pledged to make the US the “crypto capital of the world” and to reduce regulatory hurdles in the sector.

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As detailed in the firm’s Q1 Earnings Report, the Bitcoin strategy contributed a substantial 88% to its revenue, amassing a total of 877 million Japanese yen ($6 million). Metaplanet’s strategic and consistent accumulation of BTC has secured its position as the 11th largest public company in terms of bitcoin holdings worldwide, and the leading entity in Asia.

Since the beginning of the year, Metaplanet has added 5,034 BTC to its balance sheet, a 3.9x growth, bringing its total to 6,796 BTC. These purchases were enabled by a moving-strike warrant program, allowing the company to issue equity without setting a fixed discount or strike.

By May 10, the hospitality giant had executed 87% of the program, raising 76.6 billion yen ($524.8 million) and emerging as the largest public equity issuer in Japan. With the funds raised, Metaplanet is on track to achieve approximately 68% of its short-term goal of 10,000 BTC, with a cost basis of 13.27 million yen ($90,929) per BTC.

Despite a temporary unrealized loss on its BTC position due to fluctuating market prices, bitcoin’s recent rally has completely offset the losses. The firm reported unrealized BTC gains of 13.5 billion yen ($92.5 million) as of May 12.

Metaplanet’s Q1 report represents the strongest financial results in its two-decade history. The company’s core operating metrics and Bitcoin treasury key performance indicators (KPIs) have also set new records. Encouraged by the success of its Bitcoin treasury strategy, Metaplanet is advocating for other companies to consider adopting Bitcoin, offering its capital strategy as a model.

“Our results speak for themselves: we don’t set targets to feel safe—we set them to exceed them, quarter after quarter. The global feedback loop between capital markets and Bitcoin is just beginning. Metaplanet intends to be its premier conduit,” the company stated.

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