Market Cap: $3.2924T -0.700%
Volume(24h): $104.5091B -6.310%
  • Market Cap: $3.2924T -0.700%
  • Volume(24h): $104.5091B -6.310%
  • Fear & Greed Index:
  • Market Cap: $3.2924T -0.700%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$105074.528045 USD

-0.43%

ethereum
ethereum

$2621.549395 USD

0.28%

tether
tether

$1.000419 USD

-0.02%

xrp
xrp

$2.211361 USD

-1.68%

bnb
bnb

$666.078228 USD

-0.14%

solana
solana

$153.930846 USD

-1.43%

usd-coin
usd-coin

$0.999839 USD

0.00%

dogecoin
dogecoin

$0.190358 USD

-2.34%

tron
tron

$0.272783 USD

1.19%

cardano
cardano

$0.674344 USD

-2.95%

hyperliquid
hyperliquid

$35.522762 USD

-2.63%

sui
sui

$3.202047 USD

-2.04%

chainlink
chainlink

$13.919736 USD

-2.44%

avalanche
avalanche

$20.239832 USD

-5.54%

stellar
stellar

$0.268004 USD

-2.06%

Cryptocurrency News Articles

Trump Media Plans to Issue Its Common Stock Worth $1.5 Billion and $1 Billion in Convertible Senior Secured Notes

May 28, 2025 at 04:34 am

The move reiterates Donald Trump’s bid to support the Bitcoin network in the United States.

Trump Media Plans to Issue Its Common Stock Worth $1.5 Billion and $1 Billion in Convertible Senior Secured Notes

The former president's company, Trump Media & Technology Group, is planning to issue common stock worth $1.5 billion and $1 billion in 0 percent convertible senior secured notes, according to a press release on Thursday. The company aims to close the offering by May 29.

“We 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, which plague many Americans and U.S. firms and will create synergies for subscription payments, a utility token, and other planned transactions across Truth Social and Truth+,” Trump Media’s CEO and Chairman Devin Nunes, said in a statement.

The company is also planning to launch a utility token on the Trump Media platform later this year, which will be used to provide users with access to exclusive content and services.

The move comes as Trump has increasingly spoken out in support of Bitcoin. Earlier this year, Trump said that he is a "big fan" of the cryptocurrency and that he thinks it has "potential."

Trump's company is planning to use the funds to launch its own social media platform, called Truth Social. The platform will be a direct competitor to Facebook, Twitter and Instagram.

Trump was banned from major social media platforms following the January 6 Capitol riot. The former president's company is planning to use the funds to launch its own social media platform, called Truth Social. The platform will be a direct competitor to Facebook, Twitter and Instagram.

Trump Media is expected to apply for an initial public offering after completing the private placement offering. The company's shares are currently traded over-the-counter.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Jun 05, 2025