Trump Media Company Secures $2.5 Billion Investment to Enter Bitcoin Market
- Karl Cassell
- May 29
- 1 min read
President Donald Trump's media company, Trump Media and Technology Group (TMTG), has announced plans to invest $2.5 billion into Bitcoin, aiming to establish a "bitcoin treasury." This initiative is funded by approximately 50 institutional investors contributing $1.5 billion in common stock and $1 billion in convertible senior notes. TMTG's CEO, Devin Nunes, stated that the investment would support the company's financial independence and facilitate operations like subscription payments and the development of a utility token for its platform, Truth Social. This move aligns with Trump's broader efforts to integrate cryptocurrency into both his business ventures and federal policy, including the creation of a Strategic Bitcoin Reserve for the U.S. government. Critics have raised concerns about potential conflicts of interest and the ethical implications of intertwining presidential authority with personal financial endeavors.
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