Trump Media and Technology Group Will Invest $2.5 Billion in Bitcoin (BTC)

Trump Media and Technology Group, a Donald Trump-linked company that's publicly traded in the US, has announced it's raising $2.5 billion to invest in Bitcoin (BTC).

Trump Media and Technology Group (Nasdaq: DJT), a company linked to Donald Trump, is aiming to raise $2.5 billion to invest in Bitcoin (BTC).

The move comes as Bitcoin price tries to stay above key levels ahead of a major Bitcoin conference in Las Vegas.

Trump Media to add BTC to treasury

This Tuesday, Trump Media announced that it’s planning to raise $2.5 billion from 50 institutional investors. These investors will be subscribing for up to $1.5 billion of Trump Media common stock and $1 billion in convertible senior secured notes.

The closing of the private placement offering is set for May 29, 2025.

According to the statement, the proceeds of the offering will be used by Trump Media to adopt a Bitcoin treasury.

“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,” said Devin Nunes, chief executive officer and chairman of Trump Media.

This will see the company join other publicly-traded companies that now hold billions of dollars worth of the digital asset.

The biggest player in this corporate frenzy for BTC is Strategy, which has been buying BTC since 2020 and now holds over $40 billion of the asset.

The surge in spot Bitcoin exchange-traded funds (ETFs) has also seen BlackRock pour in billions of dollars as part of a passive investment strategy, while crypto exchange FTX’s bankruptcy has seen its creditors claim billions of dollars in BTC.

Trump Media has selected Crypto.com and Anchorage Digital as its custody providers for this Bitcoin treasury venture.

Other companies assisting Trump Media are Yorkville Securities and Clear Street as co-lead placement agents, and Cantor Fitzgerald as financial advisor.

Bitcoin price hovered in the green on Tuesday, trading above the $109k mark.

The post Donald Trump-linked company to raise $2.5 billion for Bitcoin treasury appeared first on CC News.

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