#TrumpMediaBitcoinTreasury
Trump Media & Technology Group (NASDAQ: DJT) has unveiled a bold initiative to raise $2.5 billion to establish a Bitcoin treasury, marking a significant pivot into the cryptocurrency sector.
Key Highlights:
Funding Structure: The capital will be sourced through $1.5 billion in common stock sales and $1 billion in convertible notes issued at a 35% premium.
Asset Custody: Digital assets acquired will be securely held by Anchorage Digital and Crypto.com.
Strategic Vision: CEO Devin Nunes emphasized that Bitcoin embodies financial freedom and aligns with the company's "America First" principles.
Market Reaction: Following the announcement, DJT shares experienced volatility, with a notable decline of 6% in early trading.
This move positions Trump Media alongside other corporations integrating Bitcoin into their financial strategies, reflecting a growing trend of institutional adoption of digital assets.