Trump Media and Technology Group, founded by former U.S. President Donald Trump, just made a massive move in the crypto space. The company has secured $2.5 billion from around 50 institutional investors and plans to use the entire amount to buy Bitcoin ($BTC).
Out of the total, $1.5 billion comes from shares in the company, while the other $1 billion is made up of interest-free, convertible senior bonds. Trump Media made it clear that this funding is all going toward building up their Bitcoin holdings.
To keep things secure, they’re teaming up with trusted names like Crypto.com and Anchorage Digital to store the Bitcoin. The full transaction is set to be wrapped up by May 29, 2025.
The news had an instant impact on the market. Bitcoin shot up from $109,400 to $110,300 shortly after the announcement. Experts say this bold move has reignited institutional interest in crypto and could boost the entire market over time.
