Trump Media and Technology Group, founded by former U.S. President Donald Trump, has just taken a significant step in the cryptocurrency space. The company raised $2.5 billion from approximately 50 institutional investors and plans to use all the funds to purchase Bitcoin ($BTC).
Of this total amount, $1.5 billion comes from company equity, and another $1 billion consists of interest-free, convertible preferred bonds. Trump Media has made it clear that these funds will all be used to increase its Bitcoin reserves.
To ensure security, they will collaborate with trusted institutions like Crypto.com and Anchorage Digital, responsible for Bitcoin custody. The entire transaction is expected to be completed by May 29, 2025.
This news immediately impacted the market. Bitcoin's price quickly rose from $109,400 to $110,300 following the announcement. Experts say this bold move has reignited institutional interest in cryptocurrency and could drive growth across the market in the future.
