๐จ Trump Media Bets Big โ $2.4B Deal Paves Way for Bitcoin Treasury ๐ฐ๐ฅ
Trump Media & Technology Group (TMTG) has officially raised $2.44 billion through a private sale of common stock and convertible notes, with plans to build one of the largest Bitcoin treasuries among public companies. ๐ฆ๐ป
๐ Deal Breakdown:
๐งพ $1.44B raised from 55.8M shares sold at $25.72/share
๐ช $1B from 0.0% convertible notes, priced at $34.72/share
โ $2.3B of the $2.44B total will be allocated to Bitcoin (BTC)
๐ก Why It Matters:
Trump Media joins the ranks of corporate BTC holders like MicroStrategy and Tesla
Signals institutional confidence in Bitcoin heading into 2028 and beyond
Reflects Donald Trumpโs increasingly pro-crypto stance heading into the election cycle
๐ฃ TMTG CEO Devin Nunes:
> โTrump Media is focused on acquiring great assets; this deal gives us the financial freedom to execute our strategy.โ
With $759M already in liquid assets, Bitcoin will now appear on TMTG's balance sheet, making this one of the boldest crypto treasury moves by a media company.
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๐ง Final Thought:
Whether you're a crypto bull, political observer, or market analyst โ this $2.3B BTC purchase plan is a milestone. Will others follow?
#Bitcoin #TrumpMedia #FTXRefunds #TrumpMediaBitcoinTreasury #TrumpTariffs