Trump Media Moves Forward with Multi-Billion Dollar Bitcoin Treasury Initiative
In a bold financial maneuver, Trump Media & Technology Group (TMTG) has secured $2.3 billion for its Bitcoin treasury, following a Form S-3 filing with the U.S. Securities and Exchange Commission (SEC). The company, which operates Truth Social, aims to integrate Bitcoin into its financial infrastructure, marking one of the largest cryptocurrency treasury moves by a publicly traded firm.
The funds, raised through debt and equity agreements with 50 institutional investors, will be used to acquire Bitcoin and support corporate expansion.
With Bitcoin’s increasing role in corporate treasuries, Trump Media’s move could set a precedent for other firms looking to diversify their assets in an inflationary economic environment.