BREAKING NEWS: Trump Media Invests $2.5 Billion in Bitcoin
In a historic move, Trump Media, the company founded by former US President Donald Trump, is investing a staggering $2.5 billion in #bitcoin . This massive bet on the cryptocurrency is reminiscent of MicroStrategy's CEO Michael Saylor's aggressive Bitcoin buying strategy, dubbed "Saylor Mode".¹
To raise the necessary funds, #trump media plans to sell $1.5 billion in stock and $1 billion in convertible notes. The company's CEO, Devin Nunes, believes #bitcoin is an "apex instrument of financial freedom" and will help shield the company from financial persecution.²
This investment positions Trump Media as a major player in the cryptocurrency space, but it's worth noting that the company's stock price fell 11% after the announcement.³ Despite this, Trump Media's move is a significant step forward in the company's plan to acquire "crown jewel assets consistent with America First principles"