#TrumpMediaBitcoinTreasury Trump Media & Technology Group, led by President Donald Trump, has announced a $2.5 billion initiative to acquire Bitcoin, aiming to establish a corporate cryptocurrency reserve. The funding comprises $1.5 billion from stock sales and $1 billion in convertible notes, sourced from approximately 50 institutional investors. CEO Devin Nunes stated that this move aligns with the company's mission to promote financial freedom and protect against institutional discrimination. The Bitcoin assets will be managed by Crypto.com and Anchorage Digital. This development coincides with the Trump administration's broader pro-crypto stance, including the establishment of a federal cryptocurrency reserve and a more lenient regulatory environment for crypto firms.
