On May 28, 2025, Trump Media & Technology Group (TMTG) announced plans to raise \$2.5 billion to establish a corporate Bitcoin treasury. The funding will come from issuing \$1.5 billion in company stock and \$1 billion in convertible debt, aiming to create one of the largest Bitcoin reserves among public companies. Crypto.com and Anchorage Digital are designated custodians for the holdings. This move aligns with President Trump's broader crypto initiatives, including a strategic Bitcoin reserve funded by assets seized in legal proceedings, intended to be budget-neutral for taxpayers. Following the announcement, TMTG's stock (DJT) fell over 10%, reflecting investor concerns.
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