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.
Despite Bitcoin soaring past $120,000 and testing new all-time highs, several high-frequency market indicators suggest that the current bull run may still be gathering momentum.
As Bitcoin smashes through all-time highs, crypto-related conversation is surging across social media.
In a striking contradiction to its long-held skepticism toward cryptocurrencies, Vanguard Group now owns more than 20 million shares of Strategy Inc.—the software company famously tied to Bitcoin through its massive holdings.
Bitcoin’s fall from its recent $123,000 all-time high to $117,000 sparked waves of speculation—but according to Deutsche Bank, this isn’t a typical cooldown.