Trump Media to Raise $2.5 Billion in Capital to Buy Bitcoin

Bloomberg News

Summary

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Bitcoin has surged 60 percent since Trump’s re-election in November 2024, reaching current highs of $111,000.
Aljazeera
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President Donald Trump's family plans to drop a $3 billion investment into cryptocurrencies, including bitcoin, as it bets big on digital assets.
Daily Mail
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Under these agreements, the company agreed to issue and sell about $1.5 billion in common stock and $1.0 billion in convertible senior secured notes, in a private placement offering.
Hindustan Times
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What makes the news so notable is that Trump Media will use the cash to buy cryptocurrency, creating a “bitcoin Treasury” which will serve to further advance the president’s already deep financial interest in the crypto space.
Politico

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References

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Trump Media & Technology Group. IR
Press Releases
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