Trump’s Media Startup To Buy $2.5 Billion In Bitcoin Amid His Crypto Push
President Donald Trump’s social media startup said it plans to invest $2.5 billion into bitcoin, allowing it to expand into crypto and financial services.
Trump Media & Technology Group (TMTG), which owns Truth Social and the streaming platform Truth+, announced Tuesday that it intends to create a “bitcoin Treasury.” Money for the cryptocurrency’s purchase will be raised by selling company stock and convertible bonds, it said.
“We view Bitcoin as an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets,” said Trump Media CEO Devin Nunes, the former Republican congressman who also now serves as chair of the president’s Intelligence Advisory Board.
