Trump Media Group raises $2.4 billion to create a Bitcoin treasury, aiming to become a top Bitcoin-holding public company. Learn about their bold cryptocurrency move!
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Trump Media Raises Big Money for Bitcoin Investment
Trump Media and Technology Group, a company listed on Nasdaq, shared exciting news on Friday. They raised $2.44 billion to buy Bitcoin (BTC) and create a Bitcoin treasury. This move shows their confidence in cryptocurrency as part of their financial future.
How Did They Raise the Money?
Trump Media worked with around 50 big investors to gather the funds. They sold 55.8 million shares of their stock (DJT) at $25.72 each, which brought in $1.44 billion. They also issued $1 billion in special notes that can be turned into shares later, due in 2028, at $34.72 per share. Together, these efforts raised $2.44 billion, with $2.3 billion set aside to buy Bitcoin.
Why Bitcoin?
The company wants to add Bitcoin to its balance sheet, alongside its existing $759 million in cash and other investments (as of early 2025). This bold step could make Trump Media one of the top public companies holding Bitcoin. Just days ago, they announced plans to raise up to $2.5 billion for this purpose, and they’ve now made it happen.
What’s Next for Trump Media?
Devin Nunes, the Chairman and CEO of Trump Media, said, “This deal gives us the money to chase our big plans and invest in valuable assets like Bitcoin.” The company has partnered with Crypto.com and Anchorage Digital to safely store their Bitcoin.
Crypto.com Partnership and Market Impact
Trump Media has been working with Crypto.com since March to launch exchange-traded funds (ETFs) through Crypto.com’s broker, Foris Capital, and its Truth.Fi platform. After the announcement, Crypto.com’s token, CRONOS, jumped 6% in a single day and gained over 5% for the week.
A Bright Future for Trump Media
By investing heavily in Bitcoin, Trump Media is positioning itself as a forward-thinking company. This move could inspire other businesses to explore cryptocurrency and strengthen their financial strategies.
