27.05.2025 22:01
The social media company Truth Social, founded by U.S. President Donald Trump, announced that it will raise approximately $2.5 billion to create a Bitcoin treasury. The company will secure these funds by signing agreements with 50 institutional investors.
The social media company of U.S. President Donald Trump announced that it will raise approximately $2.5 billion to create a Bitcoin treasury.
TRUMP'S COMPANY MAKES RECORD INVESTMENT DECISION IN BITCOIN
The parent company of the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, "Trump Media and Technology Group," made a statement regarding the matter. The statement noted that subscription agreements have been signed with approximately 50 institutional investors, and under these agreements, the company is expected to raise around $2.5 billion by selling approximately $1.5 billion in stock and $1 billion in convertible bonds.
IT IS AMONG THE LARGEST BITCOIN INVESTMENTS
The statement indicated that the revenue the company plans to use to create a Bitcoin treasury emphasizes that this move is one of the largest Bitcoin treasury agreements among publicly traded companies. It was noted that this capital raise, expected to be completed by May 29, will place Bitcoin alongside the company's cash and cash equivalents, which totaled $759 million in short-term investments as of the end of the first quarter.
Trump Media CEO Devin Nunes, in his evaluation of the matter, stated, "We see Bitcoin as the pinnacle tool of financial freedom, and now Trump Media will hold the cryptocurrency as a significant part of our assets."