#TrumpBTCTreasury

Trump Media & Technology Group, the company behind Truth Social, is creating a Bitcoin treasury reserve with a $2.44 billion capital raise. Here's the breakdown:

- *Capital Raise*: $2.44 billion raised through a private placement involving $1.44 billion in common stock and $1 billion in convertible senior secured notes

- *Bitcoin Purchase*: Approximately $2.32 billion of the proceeds will be used to buy Bitcoin, making Trump Media one of the top Bitcoin holders among US public companies

- *Custody*: Crypto.com and Anchorage Digital will provide custody services for the Bitcoin treasury

- *Strategy*: Trump Media aims to build a significant Bitcoin reserve, similar to MicroStrategy's playbook, and leverage it for various financial applications

According to Devin Nunes, CEO and Chairman of Trump Media, the company views Bitcoin as an "apex instrument of financial freedom" and plans to utilize it for:

- *Subscription Payments*: Using Bitcoin for subscription payments on Truth Social

- *Tokenization Efforts*: Exploring tokenization opportunities

- *Fintech Applications*: Developing broader fintech applications

This move positions Trump Media among the top corporate Bitcoin holders globally, with potential implications for the company's financial strategy and growth.