#TRUMP Media and Technology Group announced that it will use $2.5 billion worth of resources to directly purchase Bitcoin ($BTC ) as a result of an agreement with approximately 50 institutional investors.
Trump Media, the company founded by #US President Donald Trump, announced that it has collected a total of $2.5 billion in private investment. According to the agreement, $1.5 billion of this amount consists of company shares, while the remaining $1 billion consists of interest-free and convertible senior bonds. The statement stated that all of the funds obtained will be used for the Bitcoin purchase and accumulation strategy.
Trump Media announced that it will work with reliable institutions such as Crypto.com and Anchorage Digital for the storage of the Bitcoins to be purchased. The transactions in question are planned to be completed on May 29, 2025.
Bitcoin price increased with Trump's move
After this development was announced, there was movement in the Bitcoin price.
Bitcoin (BTC), which was traded at $109,400 before the announcement, quickly rose to $110,300. This move by Trump Media renewed institutional investorsā confidence in Bitcoin, while strengthening the positive atmosphere in the market. Experts believe that the large investment made by the company controlled by the Trump family will positively affect the cryptocurrency market in the long run.
