#TrumpMediaBitcoinTreasury Trump Media & Technology Group (TMTG), the company behind Truth Social, has recently made a significant move into Bitcoin by establishing a "Bitcoin treasury."

Here's a breakdown of the key aspects:

* Bitcoin Treasury: Trump Media has announced that it will use the proceeds from a recent capital raise to create a substantial Bitcoin treasury. This strategy aims to position TMTG as one of the top Bitcoin holders among publicly traded U.S. firms.

* Capital Raise: TMTG successfully closed a private placement offering, raising approximately $2.32 billion in net proceeds. This includes the sale of common stock and convertible senior secured notes.

* Strategic Rationale: According to Trump Media CEO Devin Nunes, this investment will "help defend our Company against harassment and discrimination by financial institutions" and provide the company with "financial freedom." The move also aims to give shareholders exposure to Bitcoin.

* Liquid Assets: With this offering, Trump Media now has over $3 billion in liquid assets, which will support its corporate strategies and initiatives.

* Custody: Crypto.com and Anchorage Digital will provide custody services for Trump Media's Bitcoin treasury.

* Following a Trend: Trump Media is not the first public company to adopt a Bitcoin treasury strategy; it's following in the footsteps of companies like MicroStrategy Inc., which has built up a significant Bitcoin reserve.

* Donald Trump's Evolving View: This move comes as Donald Trump himself has shifted his stance on cryptocurrencies, having previously expressed skepticism but now showing increased interest and support for the crypto industry.