Trump Media & Technology Group (TMTG), operating Truth Social (DJT), has secured approximately $2.44 billion through a private placement of common stock and convertible notes. The company plans to allocate around $2.32 billion of these net proceeds to establish a significant $BTC Bitcoin treasury reserve, aiming to become one of the largest corporate Bitcoin holders in the U.S.

This move marks a strategic shift for TMTG, expanding beyond its core social media and streaming businesses into digital assets and financial services. CEO Devin Nunes stated that the $BTC Bitcoin investment will provide "financial freedom" and "defend our Company against harassment and discrimination by financial institutions." The company believes this will offer shareholders exposure to$BTC Bitcoin and diversify its assets.

TMTG is adopting a strategy similar to MicroStrategy, building a substantial Bitcoin treasury. Custody of these Bitcoin assets will be handled by Crypto.com and Anchorage Digital. While the initial announcement saw a dip in DJT stock, it has since seen some gains. This high-stakes venture carries inherent risks due to Bitcoin's volatility, but TMTG views it as a crucial step for rapid expansion within an "America First economy."#TrumpMediaBitcoinTreasury