On May 27, 2025, Trump Media & Technology Group (TMTG), the parent company of Truth Social, announced plans to raise approximately $2.5 billion to establish a Bitcoin treasury. The funds will be secured through private placements of $1.5 billion in common stock and $1 billion in convertible senior notes, with participation from around 50 institutional investors.
CEO Devin Nunes described Bitcoin as an "apex instrument of financial freedom," stating that the investment aims to protect the company from perceived financial institution discrimination. The Bitcoin holdings will be managed by Crypto.com and Anchorage Digital.
This move aligns with President Donald Trump's broader pro-cryptocurrency agenda, including the establishment of a Strategic Bitcoin Reserve for the U.S. government. However, following the announcement, TMTG's stock (DJT) experienced volatility, dropping approximately 9% during the trading day.
$BTC #TrumpMediaBitcoinTreasury