#TrumpBTCTreasury Trump Media and Technology Group, led by CEO Devin Nunes, has announced plans to establish a Bitcoin treasury worth $2.5 billion. This move is seen as a strategic shift for the company, which operates Truth Social and other Trump-branded media platforms.
*Key Details of the Bitcoin Treasury Deal:*
- *Amount Raised*: Trump Media raised $2.44 billion through a private offering with approximately 50 institutional investors.
- *Breakdown*: $1.44 billion was raised through the sale of 55.8 million shares of common stock at $25.72 per share, and $1 billion was raised through 0.0% convertible senior secured notes due 2028.
- *Use of Funds*: $2.3 billion from the proceeds will be used to create the Bitcoin treasury, which will be managed by (link unavailable) and Anchorage Digital.
- *Purpose*: The Bitcoin treasury aims to defend the company against financial harassment and create synergies for subscription payments, utility tokens, and other planned transactions.
*Impact and Significance:*
- *Largest Bitcoin Treasury*: Trump Media's Bitcoin treasury deal is expected to be one of the largest among public companies, mirroring the strategy of Michael Saylor's MicroStrategy.
- *Growing Institutional Appetite*: The deal reflects the growing acceptance of Bitcoin as a treasury asset among mainstream institutions, with potential for corporate treasuries to accumulate $330 billion in Bitcoin by 2029.
- *Bitcoin Price Prediction*: Analysts forecast Bitcoin to reach $180,000 to $200,000 by the end of 2025, driven by increased corporate adoption ¹ ².