Trump Media Secures US$2.4 Billion Funding for Bitcoin Acquisition
Trump Media & Technology Group (TMTG), the company owned by US President Donald Trump, has successfully raised funds amounting to US$2.44 billion or equivalent to Rp36 trillion from around 50 institutional investors for a massive investment in Bitcoin (BTC).
These funds were obtained through the sale of common stock and secure senior convertible debt, with net proceeds reaching US$2.32 billion. The funds will not only be used to establish a Bitcoin treasury but also to support working capital needs and other corporate purposes.
This move marks one of the largest investments in Bitcoin treasury made by a public company. CEO and Chairman of Trump Media Devin Nunes stated that Bitcoin ownership will strengthen the company's asset portfolio while providing protection against financial discrimination.
This offering is part of Trump Media's strategy to become a holding company focused on acquiring valuable assets and supporting the America First economy. With this new funding, the company will have over US$3 billion in liquid assets.
“Trump Media focuses on acquiring valuable assets, and this deal gives us financial room for expansion. The company will also have more than US$3 billion in liquid assets, as well as providing Bitcoin exposure for shareholders,” said Devin Nunes.
Moreover, this initiative also signifies Trump Media's shift from a social media company to a financial technology company that integrates digital assets as a core part of its business strategy.