Trump Media & Technology Group is diving deeper into crypto with a $2.5 billion investment in Bitcoin, aiming to solidify its presence in the financial sector.
The firm is raising funds through a $1.5 billion stock sale and $1 billion in convertible notes, with custody handled by Anchorage Digital and Crypto.com.
CEO Devin Nunes called Bitcoin a symbol of “financial freedom,” aligning the move with the company’s America First strategy. The investment comes as part of a broader plan to launch crypto and ETF products tailored to retail investors.
While Trump Media’s stock dipped 6% on the news, the company continues to expand its crypto footprint—adding to previous ventures like NFTs, meme coins, and a stake in Bitcoin miner American Bitcoin.
The aggressive push has drawn regulatory attention, with Senator Elizabeth Warren questioning oversight of Trump-linked ETFs.
With over $750 million already on its balance sheet, Trump Media is positioning itself as a politically charged player in the crypto-finance arena.
Bitcoin (BTC) has hit a new all-time high today at $123,090 as per data from CoinMarketCap and trading volumes have exploded as a result. Nearly $180 billion worth of Bitcoin has exchanged hands in the past 24 hours. This represents a 284% increase during this period. This volume accounts for 7.5% of BTC’s circulating supply. […]
As Bitcoin surged to another record high above $123,000 on Monday, analysts at Bernstein offered a bullish long-term outlook for the digital asset, forecasting a transformative period ahead for the entire crypto sector.
Bitcoin treasury firm Strategy—formerly known as MicroStrategy—has expanded its already-massive BTC holdings with a fresh $472.5 million acquisition.
Famed author of Rich Dad Poor Dad, Robert Kiyosaki, has once again thrown his support behind Bitcoin following its recent surge above $120,000, calling it a win for those who already hold the asset—and a wake-up call for those who don’t.