#TrumpMediaBitcoinTreasury Trump Media and Technology Group Corp (TMTG) is planning to raise $2.5 billion to build a Bitcoin treasury, similar to Michael Saylor's Strategy. Here's a breakdown of the plan ¹:

- *Raising Capital*: TMTG will offer $1.5 billion in common stock and $1 billion in convertible senior secured notes to around 50 institutional investors.

- *Bitcoin Treasury*: The company aims to create one of the largest Bitcoin treasuries among public companies, viewing Bitcoin as a key instrument of financial freedom.

- *Use of Funds*: The investment will help defend the company against financial institution harassment, create synergies for subscription payments, and support future transactions on Truth Social and Truth+.

- *Partnerships*: Crypto.com and Anchorage Digital will provide custody services for the Bitcoin treasury, while Yorkville Securities, LLC, and Clear Street LLC will act as co-lead placement agents.

This move follows a report from the Financial Times claiming Trump Media was seeking to raise $3 billion for crypto asset acquisitions, which the company responded to by stating the publication had "dumb writers listening to even dumber sources". The announcement precedes the Bitcoin Conference, featuring high-profile figures like Vice President JD Vance and Michael Saylor ¹.