#TrumpMediaBitcoinTreasury
Trump Media Plans $2.5B Bitcoin Treasury Raise
Trump Media & Technology Group plans a $2.5 billion Bitcoin treasury move, announced by CEO Devin Nunes, marking a significant entry into cryptocurrency holdings.
This strategic move underscores Bitcoin's role in Trump's business empire, potentially affecting markets and financial strategies globally.
This initiative involves approximately 50 unnamed institutional investors, securing contracts to bolster the firm's financial portfolio. The strategy entails $1.5 billion in common stock and $1 billion in senior secured notes.