#TrumpBTCTreasury

Trump Media and Technology Group (DJT.O) is opening a new tab to raise around 2.5 billion dollars to invest in bitcoin, the social media company of U.S. President Donald Trump said on Tuesday, while seeking to diversify its income.

The company is raising funds by selling 1.5 billion dollars in shares at its latest closing price and 1 billion dollars in convertible bonds with a 35% premium, it said in a statement.

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Bitcoin will remain on the balance sheet of Trump Media along with existing cash and short-term investments, which totaled 759 million dollars at the end of the first quarter. Cryptocurrency platforms Anchorage Digital and Crypto.com will safeguard the bitcoin holdings.

"We consider Bitcoin as the pinnacle instrument of financial freedom," said Devin Nunes, CEO of Trump Media, praising the move as a "great step forward" in the company's plan to acquire "top-tier assets, consistent with America First principles."

Shares of the company behind Truth Social, a streaming and social media platform, fell by 8%.

The move is part of a recent trend of public companies adding bitcoin and other cryptocurrencies to their balance sheets to capitalize on the rising prices of tokens as the Trump administration embraces digital assets.

Trump Media has been exploring potential mergers and acquisitions in its aim to diversify into financial services.

Last month, it reached a binding agreement to launch several retail investment products, including cryptocurrencies and exchange-traded funds aligned with Trump’s policies.

The Trump family, long rooted in skyscrapers and country clubs, has opened multiple opportunities in the cryptocurrency market.