#TRUMP Media and Technology Group (TMTG) has announced plans to raise $2.5 billion to invest heavily in #bitcoin as part of its business diversification into financial services. The funds will come from a $1.5 billion stock sale and $1 billion in convertible bonds. Bitcoin acquired will be listed as an asset on the company’s balance sheet, with custody managed by Anchorage Digital and Crypto.com for security and compliance. CEO Devin Nunes called Bitcoin a “key to financial freedom,” aligning with the company’s "America First" vision. Despite the bold move, TMTG shares fell 6% following the announcement, reflecting mixed investor sentiment. The firm also plans to launch crypto-based retail products and ETFs, while exploring further expansion into financial services.
