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.
The company behind Truth Social and the fintech platform Truth.Fi is going all-in on Bitcoin.
Trump Media & Technology Group (NASDAQ:DJT) just announced a $2.5 billion private placement deal, largely focused on building one of the biggest Bitcoin treasuries of any public company.
The offering includes $1.5 billion in Trump Media common stock and $1 billion in convertible notes, subscribed for by about 50 institutional investors. When it closes, expected around May 29, it will bring Trump Media’s liquid assets to over $3 billion.
“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 aligned with America First principles.”
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