Shares of Trump Media & Technology Group rallied to a six-week high Tuesday — with bitcoin approaching another record high and investors increasingly treating the social-media company as a cryptocurrency play.

Trump Media rose in premarket trading on Tuesday after the company announced it had accumulated $2 billion in bitcoin and related assets.

The stock of President Trump's namesake media group climbed Monday after it announced it had purchased $2 billion in bitcoin and related securities.

Shares of crypto-linked companies jumped on Monday, as ether prices scaled their highest this year after President Donald Trump signed into law a bill regulating stablecoins in the U.S.

U.S. President Donald Trump signed the GENIUS Act governing stablecoins into law on Friday, July 18, 2025, marking the first time a major piece of crypto legislation became a law in the U.S. Lawmakers and crypto industry executives all attended the roughly hour-long ceremony,