DJT股价下跌了10％，因为公司进一步投入加密货币，加深了特朗普的比特币领带

特朗普媒体和技术集团是Truth Social的所有者，由前美国总统唐纳德·特朗普（Donald Trump）担任主席，宣布了25亿美元的资本筹集资金，以资助上市公司尝试过的最大的比特币国库分配之一。

Trump Media & Technology (NASDAQ:) shares fell 10% on Thursday as the company announced a $2.5 billion capital raise to fund one of the largest bitcoin treasury allocations ever attempted by a public company.

特朗普媒体与技术（纳斯达克:)周四股价下跌了10％，因为该公司宣布了25亿美元的资本筹集资金，以资助一家上市公司尝试过的最大的比特币国库拨款之一。

The funding includes $1.5 billion from a private placement of common stock and $1 billion in convertible notes, secured from around 50 institutional investors. Trump Media plans to use the proceeds to purchase bitcoin, which will be held as a core treasury asset. Anchorage Digital and Crypto.com will provide custody services.

这笔资金包括私人股票的15亿美元和10亿美元的可转换票据，这些票据可从约50个机构投资者获得。特朗普媒体计划利用收益购买比特币，该比特币将作为核心国库资产。 Anchorage Digital和Crypto.com将提供监护服务。

Shares in Trump Media fell 9.6% following the announcement. The stock is already down 29% year-to-date, despite the company’s $5.3 billion market capitalization and modest 2024 revenue of just $3.6 million. It reported a $400 million loss for the same period.

宣布后，特朗普媒体的股票下跌了9.6％。尽管该公司的市值为53亿美元，而2024年的收入仅为360万美元，但该股票已经下跌29％。它报告同期亏损了4亿美元。

Trump Media CEO Devin Nunes, a former Republican congressman, described bitcoin as an “apex instrument of financial freedom” and called the investment a defensive response to what he described as institutional bias against conservative firms.

特朗普媒体首席执行官德文·纳尼斯（Devin Nunes）是前共和党国会议员，他将比特币描述为“金融自由的最高工具”，并称投资对他所说的对保守派公司的机构偏见的反应是防御性的回应。

“This investment will help defend our Company against harassment and discrimination by financial institutions, who have shown an unwillingness to invest in a highly successful, yet politically targeted, common stock,” Nunes said in a statement.

Nunes在一份声明中说：“这项投资将有助于捍卫我们的公司免受金融机构的骚扰和歧视，他们表现出不愿投资于非常成功但具有政治目标的普通股。”

The company says the move will also support the development of crypto-native products, including subscription payment mechanisms and a proposed utility token for its social and streaming platforms, Truth Social and Truth+.

该公司表示，此举还将支持加密本地产品的开发，包括订阅付款机制以及其社交和流媒体平台，真相社会和真相+的拟议公用事业令牌。

The announcement comes ahead of the Bitcoin 2025 conference in Las Vegas later this year, a major crypto event that has become closely tied to Trump’s political brand.

该公告在今年晚些时候在拉斯维加斯举行的2025年比特币会议之前，这是一项重大加密活动，与特朗普的政治品牌紧密相关。

The conference is expected to feature Vice President JD Vance, Donald Trump Jr., and other administration figures.

预计该会议将以JD Vance，Jr。和其他行政数字为特色。

Trump himself has significantly shifted his stance on digital assets since his first term, when he dismissed cryptocurrencies as being “based on thin air.” He now backs several crypto ventures, including the $Trump memecoin, World Liberty Financial, and American Bitcoin, a newly formed bitcoin producer co-founded by Eric Trump.

特朗普本人自第一个任期以来就大大改变了他对数字资产的立场，当时他将加密货币视为“基于稀薄的空气”。现在，他支持了一些加密货币，包括$特朗普的纪念品，世界自由金融和美国比特币，这是由埃里克·特朗普（Eric Trump）共同创立的新成立的比特币生产商。

The strategy mirrors that of (NASDAQ:) CEO Michael Saylor, who popularised the bitcoin treasury reserve model in 2020 with his company’s massive bitcoin holdings. It also builds on efforts to align Trump’s political capital with the cryptocurrency market, a $3.5 trillion sector he increasingly courts through both policy and personal investment.

该策略反映了（纳斯达克:)首席执行官迈克尔·塞勒（Michael Saylor）的策略，他在2020年以其公司的庞大比特币持有量在2020年推广了比特币财政部储备模式。它还基于将特朗普的政治资本与加密货币市场保持一致的努力，这是他通过政策和个人投资越来越多地法院的3.5万亿美元。

Last month, Trump Media signed a deal with Crypto.com to launch exchange-traded funds tied to cryptocurrencies and Trump-aligned assets. The move has drawn scrutiny from regulators and Democratic lawmakers, including Senator Elizabeth Warren, who questioned the oversight of such politically affiliated crypto ETFs.

上个月，特朗普媒体与Crypto.com签署了一项协议，以启动与加密货币和特朗普一致资产相关的交易所交易的资金。此举对包括伊丽莎白·沃伦（Elizabeth Warren）参议员在内的监管机构和民主党立法者进行了审查，后者质疑对这种政治上关联的加密ETF的监督。

With Trump’s revocable trust holding over 114 million shares in Trump Media, the latest announcement continues a broader pattern of crypto being integrated into both the president’s business empire and political messaging.

随着特朗普在特朗普媒体上持有超过1.14亿股股票的可撤销信托，最新公告继续将更广泛的加密模式纳入总统的商业帝国和政治消息传递中。