US EditionTrump Media to raise $3 billion to spend on cryptocurrencies, FT reports
- Donald Trump’s media company, Trump Media and Technology Group, revealed that about 50 institutional investors plan to invest a total of $2.5 billion in the firm’s stock, with the funds intended to establish a bitcoin reserve.
- This move follows a shift in Trump's views on cryptocurrency, as he previously called it 'not money' and criticized its volatility during his 2024 presidential campaign events in Florida.
- Approximately 50 institutional investors are set to contribute $1.5 billion through common shares and an additional $1 billion via convertible senior notes. Devin Nunes, Chairman and CEO of Trump Media, stated in prepared remarks that this funding will support the company’s efforts to combat discrimination and harassment by financial institutions.
- Shares of Trump Media dropped 9% after the announcement, with the company planning to hold bitcoin as a key asset and store it with Crypto.com and Anchorage Digital according to a regulatory filing.
- The fundraising and bitcoin treasury plan align Trump Media with other firms adopting crypto strategies, signaling a growing role for cryptocurrency in the company's balance sheet and Trump’s media business.
233 Articles
233 Articles
Critics say Trump's policies weaken the U.S. dollar as his businesses invest in crypto
This week, Trump Media and Technology Group announced it is selling shares and bonds to raise $2.5 billion to create a "Bitcoin treasury.” It marks the Trump family’s latest addition to their cryptocurrency empire. Trump’s sons, Donald Jr. and Eric, run the family’s multiple crypto ventures and spoke at the world’s largest Bitcoin conference in Las Vegas. Laura Barrón-López reports.
Last year, Trump promised bitcoin bros a seat at the table. For better or worse, he wasn’t lying
It’s hard to overstate how much President Donald Trump has changed his tune on crypto, which he criticized in his first term as “highly volatile and based on thin air.”
Graphic Truth: Trump’s crypto coin flip
Donald Trump’s crypto empire is expanding rapidly — and it’s sending shockwaves through both Washington and the digital-asset world. Once a vocal crypto skeptic, Trump has reemerged as the industry's most powerful advocate since returning to the White House. His business interests now span from the $TRUMP meme coin and crypto startups like World Liberty Financial to a new plan by Trump Media & Technology Group to raise $2.5 billion for Bitcoin, …
Trump Binds His Billionaire Status to Bitcoin Now More Than Ever
President Donald Trump has made no secret of his love for the crypto industry in his second term, appointing friendly regulators, establishing a US digital asset stockpile, ending prosecutions and pardoning its criminals.
Trump Media Confirms $2.5B Capital Raise to Buy Bitcoin
Trump Media & Technology Group, the Trump family-controlled company behind Truth Social, has confirmed it will raise $2.5 billion to invest in bitcoin, reversing a blunt denial of a Financial Times report that it was set to embark on a multibillion-dollar capital raise for crypto investment. The company’s unapologetic about-face comes only a day after it lashed out at the FT, which it accused of having “dumb writers listening to even dumber sour…
ThePatriotLight - Trump Media announces $2.5B Bitcoin treasury deal
ThePatriotLight - Photo: Alamy Trump Media & Technology Group Corp., the parent company of platforms including Truth Social, streaming service Truth+, and the financial technology brand Truth.Fi, has announced it is raising roughly $2.5 billion through a private placement deal involving around 50 institutional investors. Under the terms of the agreement, the company will issue approximately $1.5Trump Media announces $2.5B Bitcoin treasury deal
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