Trump Media and Technology Group has announced it is raising $2.5 billion to buy Bitcoin (BTC).
\nBitcoin price rose slightly amid the news, reclaiming the $110k level.
\nTrump Media, a Donald Trump-linked company, has entered into agreements with 50 institutional investors to raise the funds.<\/p>\n
Trump Media and Technology Group, a Donald Trump-linked company that\u2019s publicly traded in the US, has announced it\u2019s raising $2.5 billion to invest in Bitcoin (BTC).<\/p>\n
Bitcoin price, which had hovered around $109k before the news, jumped to above $110,000 as bulls looked to reclaim the upper hand.<\/p>\n
The news comes as Bitcoin 2025, a major Bitcoin conference, begins in Las Vegas, with Trump sons Eric and Trump Jr expected as speakers.<\/p>\n
Nasdaq and NYSE Texas-listed Trump Media, trading under the ticker DJT, is the operator of Trump\u2019s social media app Truth Social as well as streaming platform Truth+ and financial technology firm Truth.Fi.<\/p>\n
On Tuesday, the company revealed plans to raise $2.5 billion from 50 institutional investors, with subscription agreements targeting $1.5 billion of Trump Media common stock and $1 billion in convertible senior secured notes.<\/p>\n
The funds raised from this private placement offering will close on May 29, 2025.<\/p>\n
According to the announcement, the proceeds of the offering will be used to adopt a Bitcoin treasury.<\/p>\n
\u201cWe view Bitcoin as an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets. Our first acquisition of a crown jewel asset, this investment will help defend our Company against harassment and discrimination by financial institutions,\u201d said Devin Nunes, chief executive officer and chairman of Trump Media.<\/p>\n
Adding Bitcoin to the Trump family-owned company\u2019s balance sheet will see it join other publicly-traded companies that now hodl billions of dollars worth of the digital asset.<\/p>\n
The biggest player in this corporate frenzy for BTC is Strategy, which has amassed over $40 billion in BTC since first buying it in 2020.<\/p>\n
The surge in spot Bitcoin exchange-traded funds (ETFs) has also seen BlackRock gobble up thousands of BTC as inflows mount.<\/p>\n
Crypto.com and Anchorage Digital are Trump Media\u2019s custody providers as it embarks on this BTC treasury venture.<\/p>\n
Other companies to help TMTG are Yorkville Securities and Clear Street as co-lead placement agents, and Cantor Fitzgerald as financial advisor.<\/p>\n
Bitcoin price changed hands around $110,065 at the time of writing, just 1.7% off its all-time high of $111,970<\/a> reached on May 22, 2025.<\/p>\n The post BTC reclaims $110k as Trump Media announces $2.5B Bitcoin treasury<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Trump Media and Technology Group has announced it is raising $2.5 billion to buy Bitcoin (BTC). Bitcoin price rose slightly amid the news, reclaiming the $110k level. Trump Media, a Donald Trump-linked company, has entered into agreements with 50 institutional investors to raise the funds. Trump Media and Technology Group, a Donald Trump-linked company that\u2019s […]<\/p>\n","protected":false},"author":0,"featured_media":3553,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-3552","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=3552"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3552\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/3553"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=3552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=3552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=3552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}