Have you all heard? The Trump Media Technology Group (DJT) has signed subscription agreements with about 50 institutional investors to conduct a $2.5 billion private placement financing, not the previously rumored $3 billion.
This includes $1.5 billion in common stock and $1 billion in zero-coupon bonds. This money will be used to create the treasury for the big cake, and they have also engaged Crypto.com and Anchorage Digital for custody, expecting to complete the financing around May 29. It feels like there will be new good news in the cryptocurrency field again.
Additionally, at the Bitcoin 2025 conference that opened today, Trump's eldest son revealed a family secret. Since 2016, due to political reasons, the family business has been completely blocked by banks and others, allowing them to witness the fragility of traditional finance.
Then in 2021, Trump, who claimed Bitcoin was a scam, communicated with his two sons, and they came to understand this technology, making a complete turnaround from opposition to full support.