Trump Media Bitcoin Treasury Plan
Trump Media and Technology Group announced a $2.5 billion raise to invest in Bitcoin, aiming to create a corporate treasury, making it the third-largest corporate BTC holder. The funds, secured via stock and convertible notes, will be held with Anchorage Digital and Crypto.com. This aligns with Trump’s crypto-friendly stance, including a Strategic Bitcoin Reserve using seized assets. The move, inspired by MicroStrategy, reflects a trend among politically aligned firms. It boosts Bitcoin’s legitimacy but raises concerns about market influence and volatility. The plan signals Trump’s push for U.S. crypto dominance.
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