#TrumpMediaBitcoinTreasury
The $2.5 Billion Bitcoin-Focused Agreement by TRUMP Media: Crypto Market Revived❗🤯
#TRUMP The Media and Technology Group announced that it will use $2.5 billion in resources to directly purchase Bitcoin ($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 raised 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 senior convertible and zero-interest bonds. The statement mentioned that all funds raised will be used for the strategy of purchasing and accumulating Bitcoin.
Trump Media announced that it will work with trusted 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 by May 29, 2025.
The price of Bitcoin increased with Trump's action
Following the announcement of this development, there was movement in the price of Bitcoin.
Bitcoin (BTC), which was trading at $109,400 before the announcement, quickly rose to $110,300. This move by Trump Media renewed institutional investors' confidence in Bitcoin, while strengthening the positive atmosphere in the market. Experts believe that the substantial investment made by the Trump family-controlled company will have a positive effect on the cryptocurrency market in the long term.
