#TrumpMediaBitcoinTreasury

Trump Media Raising $2.5B for Bitcoin Treasury Strategy

With the move, the operator of Truth Social is joining a growing roster of publicly-traded firms to raise capital for buying crypto assets like bitcoin.

๐Ÿ”ธTrump Media and Technology Group announced a $2.5 billion capital raise to create a bitcoin treasury.

๐Ÿ”ธThe company said it has secured agreements with about 50 institutional investors for $1.5 billion in common stocks and $1 billion in convertible notes.

๐Ÿ”ธThe news โ€” initially reported on Monday by the FT โ€” provided a modest but fleeting bump in both stock and BTC.