#TrumpMediaBitcoinTreasury
As of May 28, 2025, Trump Media & Technology Group (TMTG) has announced plans to raise approximately $2.5 billion to establish a Bitcoin treasury. The funds will be raised through a private placement involving about 50 institutional investors, with $1.5 billion from common stock sales and $1 billion from convertible senior notes. The Bitcoin acquired will be held on TMTG's balance sheet, with custody provided by Anchorage Digital and Crypto.com.
This move aligns with President Donald Trump's broader initiative to position the United States as a leader in the cryptocurrency space. In March 2025, he signed an Executive Order establishing a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, utilizing Bitcoin and other digital assets forfeited to the government.
Currently, Bitcoin is trading at approximately $108,888, with a slight decrease of 0.00046% from the previous close. The intraday high has reached $110,425, and the low stands at $108,616.