Trump Media & Technology Group to Buy $2.5 Billion in Bitcoin to Create 'Bitcoin Treasury'

The company plans to raise the money by selling $1.5 billion in common stock and $1 billion in convertible debt to 50 investors

President Donald Trump’s company plans to buy about $2.5 billion in bitcoin to create what it calls a “bitcoin treasury.”

Trump Media & Technology Group, which owns the former president’s Truth Social platform, will sell $1.5 billion in common stock and $1 billion in convertible debt to 50 investors to fund the move, according to a press release. The company will use the money to invest in bitcoin and other cryptocurrencies.

The news, first reported by the Financial Times as $3 billion before Trump Media issued a press release, comes after President Donald Trump held a dinner for some of the largest investors in his own cryptocurrency, $TRUMP, dubbed a “memecoin,” because it has no practical uses beyond speculation. Trump spent just 20 minutes at the dinner, according to several reports and disappointed attendees.

Crypto.com and Anchorage Digital will actually hold the bitcoin for Trump Media, according to a press release. Trump Media has already launched a finance company called Truth.Fi in February and will offer an ETF that’s supposed to be an alternative to so-called “woke” investing, as Bloomberg News has put it.

“We view Bitcoin as an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets,” Trump Media CEO Devin Nunes said in a statement filled with the type of buzzwords and right-wing grievance the crypto industry is known for.

“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+,” Nunes continued.

Truth+ is the company’s new video streaming channel filled with low-rent, far-right content. But pivoting to crypto makes a lot of sense now that Trump is again the most powerful person in the country. “It’s a big step forward in the Company’s plans to evolve into a holding company by acquiring additional profit-generating, crown jewel assets consistent with America First principles,” Nunes concluded.

Trump’s cryptocurrency endeavors are widely considered to be the most corrupt actions of any sitting American president of the modern era. The president makes money in transaction fees whenever his coin is bought and sold, and the crypto has contributed billions of dollars to his family’s net worth, according to CBS News.

Trump’s crypto dinner last week was attended by Justin Sun, a 34-year-old crypto billionaire who was under investigation by the SEC until Trump took office in January. Sun, who was born in China and is currently based in Hong Kong, was reportedly nervous to travel to the U.S. during President Joe Biden’s tenure over concerns he’d be arrested on SEC allegations he manipulated the market for his TRON cryptocurrency.

A guest list for the dinner was never released, but the New York Times was able to figure out the identities of other attendees, including OAN media personality Caitlin Sinclair and former NBA star Lamar Odom, along with a host of other people from the world of crypto.

Trump was previously skeptical of cryptocurrencies but had an about-face during the 2024 presidential campaign when he fully embraced the world of fake money. Members of the Trump regime are expected to speak at a crypto conference in Las Vegas this week alongside President Trump’s family members. Vice President JD Vance and “crypto czar” David Sacks are slated to attend with the president’s sons Don. Jr. and Eric Trump.

The price of bitcoin was mostly steady on the news of Trump Media’s plans, holding at around $109,287, according to CoinMarketCap. Bitcoin’s price is hovering around its all-time high, which was first eclipsed last week before some modest pullback in the price. Trump’s cryptocurrency $TRUMP ticked up about 1% to $12.77 on Tuesday. Trump’s coin is down considerably since it reached an all-time high of about $75, on Jan. 19, the day before Trump was inaugurated for a second time.

Trump Media’s stock price (TMTG) plunged 10% on Tuesday morning.