Bitcoin Treasury: Trump Media announced the closing of a special funding deal, through which it raised approximately $2.44 billion (1.44 billion from stock sales and 1 billion from convertible bonds). The company aims to use about $2.32 billion of these proceeds to create a large Bitcoin treasury. This makes Trump Media one of the largest holders of Bitcoin among U.S. public companies.

Goals and Strategy: Trump Media's CEO, Devin Nunes, sees Bitcoin as a "peak tool for financial freedom." This move aims to give the company greater financial freedom and diversify its assets, as well as provide shareholders exposure to Bitcoin.

Custody: The cryptocurrency platforms Crypto.com and Anchorage Digital will provide custody services for Trump Media's Bitcoin treasury.

Donald Trump's Stance on Bitcoin: Donald Trump's stance on cryptocurrencies has evolved significantly. After being skeptical in the past, he has become a supporter of Bitcoin and the industry in general. He has indicated his intention to make the United States the "cryptocurrency capital" of the world, and has taken steps to support this industry, including signing an executive order aimed at supporting the industry and appointing cryptocurrency-friendly officials. He has also proposed the idea of creating a federal Bitcoin reserve.

Impact on Trump Media Stock (DJT): News typically affects