Trump Media to launch $2.5B Bitcoin strategy amid ongoing crypto concerns
President Donald Trump’s Sarasota-based media company is trying to sell and issue $2.5 billion in stocks and convertible notes for what it calls one of the most significant Bitcoin treasury purchases ever by a publicly traded company.
A Trump Media press release stated that the company has secured agreements with approximately 50 institutional investors. The deal includes the sale of $1.5 billion in common stock and $1 billion in zero-interest convertible senior secured notes, the proceeds from which will be used to acquire Bitcoin. The company expects to finalize the funds by Thursday.
CEO Devin Nunes called the move a “first acquisition of a crown jewel asset” and said Bitcoin would “help defend our Company against harassment…
