Breaking! Trump Media Splashes $2.5 Billion to 'Hoard Coins', Is Bitcoin About to Soar?

Folks, big news has emerged in the cryptocurrency world! Trump Media and Technology Group (TMTG) actually plans to make a massive move worth $2.5 billion just to expand its Bitcoin treasury, this is simply incredible!

TMTG intends to issue stocks and zero-interest convertible senior secured notes to nearly 50 institutional investors to raise this huge sum. Among them, $1.5 billion will be issued as common stock at the latest market price, and another $1 billion will be convertible senior secured notes with an interest rate of 0%, and the conversion rate is at a 35% premium over the current stock price. The company expects to complete the issuance by May 29, 2025, and it all depends on whether it can meet the customary transaction conditions.

TMTG's CEO and Chairman Devin Nunes has spoken out, saying that Bitcoin is the top tool for financial freedom, and the company aims to treat cryptocurrency as an important part of its assets.

After this financing, Bitcoin will stand on equal footing with the company's existing cash, equivalents, and short-term investments, which total $759 million by the end of the first quarter of 2025. Moreover, the company is also collaborating with Crypto.com and Anchorage Digital to find 'bodyguards' to custody the Bitcoin it holds.

Once this news broke, Bitcoin's price directly broke through the resistance level of $110,000, soaring high! TMTG's stock also experienced continuous fluctuations, surging over 10% in pre-market trading, and slightly dropping during regular trading hours, but Bitcoin's price remained steadily above $110,000.

In fact, there had been reports earlier that TMTG was planning a larger fundraising campaign of $3 billion, and this $2.5 billion is part of that. This move undoubtedly deepens the connection between the Trump family and the crypto industry.

Some in the industry are skeptical, while others see this as a signal that publicly listed companies are increasingly accepting cryptocurrency. TMTG's actions, similar to MicroStrategy's recent purchase of 4,020 Bitcoins, reflect growing interest among institutions in digital assets as part of their investment portfolios. Perhaps Bitcoin is about to start another bullish trend, let's wait and see!

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