Donald Trumpâs media company just made a jaw-dropping move: raising $2.5 billion to buy Bitcoin $BTC ! đą The firm behind Truth Social and streaming app Truth+ says it wants to become one of the biggest public holders of crypto in the world. The money came from about 50 institutional investors, with $1.5B in stock and $1B in bonds. Despite their stock dipping 8% đ after the news, CEO Devin Nunes called Bitcoin âan apex instrument of financial freedomâ and insisted itâs part of a bold plan to fight financial censorship and expand into crypto payments, wallets, and even utility tokens on the platform. đ¸đ˛
Trump Media plans to store their massive Bitcoin stash securely using top crypto custodians like Crypto.com and Anchorage Digital. đ This isnât just about digital coinsâitâs part of a broader strategy to turn the company into a major player in what theyâre calling the âAmerica First economy.â They also want to tokenize subscription services and offer crypto rewards to loyal users. The move mirrors what companies like MicroStrategy didâbut on an even bigger stage, tied directly to politics and Trumpâs renewed influence as president. đşđ¸đź
While some are cheering the move as innovative, others are raising red flags. đ¨ Ethics watchdogs and lawmakers are accusing Trump of blurring the lines between politics and crypto profits, especially after hosting a private dinner for investors in his meme coin project ($TRUMP ). Still, the $2.5 billion Bitcoin bet puts Trump Media in the big leagues of cryptoâand signals that the next phase of political media might be deeply digital and defiantly decentralized. đâď¸
