Trump Media to Raise $2.5bn for Bitcoin Investments
The Trump Media and Technology Group plans to raise approximately $2.5 billion to invest in Bitcoin, aiming to diversify its revenue streams into the financial sector by creating a “Bitcoin treasury.” The funds will be sourced from $1.5 billion in stock sales and $1 billion in convertible notes, with custody services provided by crypto platforms. This initiative is part of a broader strategy that includes retail investment products and has drawn scrutiny from lawmakers despite Trump’s earlier skepticism about cryptocurrencies.
