Trump Media Plans $2.5 Billion Bitcoin Treasury
Trump Media & Technology Group (TMTG) — the company behind Truth Social — is making a bold move. It has announced plans to raise $2.5 billion to build one of the largest Bitcoin treasuries ever held by a public company.
What the CEO Says
Devin Nunes, CEO of TMTG, calls Bitcoin the “apex instrument of financial freedom.” He believes this investment will help the company grow beyond media and into a broader “America First”-focused holding company.
Current Status
TMTG already has $759 million in cash. This new Bitcoin treasury will add to that and reshape the company’s financial strategy in a major way.
