🚨 Major Crypto Shake-Up: Trump Media to Invest $2.5B in Bitcoin
In a bold move, Trump Media & Technology Group announced plans to raise $2.5 BILLION to purchase Bitcoin, signaling a significant shift in its investment strategy. The funds will be secured through the sale of approximately $1.5 billion in shares and $1 billion in zero-coupon convertible bonds to around 50 institutional investors via a private placement.
This announcement aligns with President Trump's pro-crypto stance, as he aims to make the U.S. the global leader in cryptocurrency. The move also echoes strategies employed by companies like MicroStrategy, which have raised capital through stock and bond sales to invest heavily in Bitcoin.
Bitcoin is currently trading at approximately $106,500, with a year-to-date increase of 15%.
