#TrumpMediaBitcoinTreasury

Trump Media & Technology Group Corp., led by former President Donald Trump, has made significant moves in the cryptocurrency space. Here are the key developments:

- *Bitcoin Treasury Deal*: The company closed a $2.44 billion financing deal to establish a Bitcoin treasury, with plans to use approximately $2.32 billion in net proceeds to purchase Bitcoin for long-term reserves. This move will make Trump Media one of the top Bitcoin holders among publicly-traded U.S. firms.

- *Bitcoin ETF Filing*: Trump Media filed for a Bitcoin exchange-traded fund (ETF) called the Truth Social Bitcoin fund, which will be listed on the New York Stock Exchange if approved by the US Securities and Exchange Commission (SEC).

- *Cryptocurrency Expansion*: The company aims to amass a $2.5 billion Bitcoin treasury and is exploring a "utility token" for subscriptions to its streaming platform Truth+. Trump Media's CEO, Devin Nunes, stated that the deal will give the company the financial freedom to implement its strategies and position itself for rapid expansion.

- *Financial Impact*: The deal boosts Trump Media's cash holdings to over $3 billion, up from nearly $800 million before the transaction. The company's existing cash, cash equivalents, and short-term investments totaled $759.0 million as of the end of the first quarter of 2025.

These developments demonstrate Trump Media's growing commitment to digital assets and its efforts to expand its presence in the cryptocurrency market.