#TrumpMediaBitcoinTreasury

Trump Media Makes a Bold $2.5 Billion Bet on Bitcoin $BTC

In a groundbreaking move, Trump Media & Technology Group (TMTG), the parent company of Truth Social, has announced plans to raise $2.5 billion to establish a significant Bitcoin treasury. This initiative involves $1.5 billion in common stock sales and $1 billion in convertible notes, with participation from approximately 50 institutional investors.  

CEO Devin Nunes stated, “We view Bitcoin as an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets.” The company aims to use this Bitcoin reserve to support future initiatives, including subscription services and utility tokens across its platforms, Truth Social and Truth+.  

This strategic investment positions TMTG among the top corporate holders of Bitcoin, aligning with former President Donald Trump’s broader embrace of cryptocurrency technologies. However, the announcement has also sparked ethical debates in Washington, given the intertwining of political influence and personal financial interests.  

The deal is expected to close later this week, marking a significant shift in TMTG’s financial strategy and further cementing the Trump family’s involvement in the crypto space.