Trump Media & Technology Group (DJT) saw its stock soar 5.12% in pre-market trading on Tuesday, following the company's announcement of a significant investment in cryptocurrency. The firm, which is behind the Truth Social platform, revealed that it has purchased $2 billion worth of Bitcoin and Bitcoin-related securities for its corporate treasury.

According to a statement released by the company on Monday, Trump Media & Technology Group has allocated an additional $300 million to an options acquisition strategy for Bitcoin-related securities. This move signals a strong commitment to the cryptocurrency market and aligns with the company's previously announced plan to become a crypto treasury company.

The decision to invest heavily in Bitcoin comes as more companies are exploring digital asset treasury strategies. Trump Media & Technology Group's substantial investment could potentially position it as a significant player in the corporate Bitcoin holdings space. The company stated that it plans to continue acquiring Bitcoin and Bitcoin-related assets, and may convert its options into Bitcoin depending on market conditions.

Investors appear to be reacting positively to this strategic move, as reflected in the pre-market stock surge. This development may be seen as a way for Trump Media & Technology Group to diversify its assets and potentially capitalize on the growing interest in cryptocurrencies among both retail and institutional investors.