Trump Media announces approx. $2.5 Billion Bitcoin Treasury deal
Trump Media & Technology Group (NASDAQ: DJT) is going all-in on Bitcoin. The company behind Truth Social, Truth+, and the fintech platform Truth.Fi has just confirmed a massive $2.5 billion private placement deal, aimed in large part at building one of the largest Bitcoin treasuries of any public company to date. According to the official press release, the offering includes $1.5 billion in Trump Media common stock and $1 billion in convertible notes, subscribed by approximately 50 institutional investors. Once finalized, expected around May 29, the deal will raise Trump Media’s liquid assets to more than $3 billion, providing the firepower to begin its crypto treasury strategy in earnest. “We view Bitcoin as an apex instrument of financial freedom,” said CEO Devin Nunes. “This investment will help defend our company against harassment and discrimination by financial institutions… and it’s a big step forward in our plan to evolve into a holding company ...