Trump Media Just Went Full Bitcoin–$2.5B Crypto Gamble Stuns Investors — TradingView News

Trump Media & Technology Group DJT is swinging for the fences. The company behind Truth Social just announced plans to raise $2.5 billion$1.5 billion through stock and another $1 billion via 0% convertible notesin a bold move to buy Bitcoin and shift part of its treasury into crypto. The offering, expected to close around May 29, would give Trump Media one of the most aggressive corporate Bitcoin strategies to date, echoing MicroStrategy’s playbook pioneered by Michael Saylor. CEO Devin Nunes says the plan isn’t just about returnsit’s a bet on financial independence and future utility across Truth Social and its upcoming platform, Truth+.

But the market isn’t sure what to make of it. DJT stock initially jumped on the Financial Times…

Source link