President Donald Trump's media company – Trump Media & Technology Group – has successfully raised $2.4 billion to implement a Bitcoin accumulation strategy, with ambitions to become one of the largest BTC holders in the U.S. financial world.
Massive fundraising - accumulating Bitcoin as a strategic asset
Last Friday, #TrumpMedia announced the completion of its common stock and convertible bond offering, attracting about 50 institutional investors. As a result, the company netted $2.32 billion, raising total liquidity to over $3 billion.
According to CEO Devin Nunes (former Republican congressman), this funding will be used to build a Bitcoin treasury and serve 'other strategic goals of the company.' He emphasized: 'Our shareholders will have direct exposure to Bitcoin.'
Bold move to make Trump Media a 'shark' in Bitcoin
With the scale of this plan, Trump Media could quickly rank among the top public companies holding the largest $BTC amounts in the world – alongside MicroStrategy or Tesla. Accumulating Bitcoin is becoming a trend in the U.S., especially among right-leaning companies or those linked to the fintech industry.
The custody of the BTC will be carried out by Anchorage Digital and Crypto.com, while Cantor Fitzgerald – a company previously run by former Secretary of Commerce Howard Lutnick – will serve as financial advisor for the deal.
Trump Media dives deeper into the crypto world
In just the past few months, Trump Media has continuously expanded its activities in the digital asset sector:
Launch of the crypto and fintech specialized division.
Partnering with Crypto.com to develop crypto ETFs on Wall Street.
Revealing plans to issue a proprietary token and digital wallet.
Not only that, President Trump and his family are also directly involved in many crypto projects:
Trump and First Lady Melania both launched a meme coin.
DeFi protocol backed by $TRUMP - World Liberty Financial - has launched its own stablecoin.
His sons started a Bitcoin mining company.
Concerns about conflicts of interest
The Trump family's crypto activities - especially while he is President - are facing increasing criticism from watchdog organizations, the Democratic Party, and the public. His failure to divest from crypto projects raises concerns about conflicts of interest and transparency in the White House's financial policies.
Engaging with the crypto market:
Trump Media's moves show that more and more large corporations see Bitcoin as a long-term strategic part. If the plan is implemented vigorously, it could create significant buying pressure on BTC, attracting attention from both traditional investors and the crypto community.
Risk warning: This article is not investment advice. The crypto market carries high risks and is not suitable for everyone. Please consider carefully before participating.