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Trump Media & Technology Group announced on Tuesday that it has entered into agreements with 50 investors to raise roughly $2.5 billion in capital to invest in bitcoin.
TMTG, the company behind President Donald Trump’s Truth Social platform, said in the announcement that the proceeds from the investment would create a bitcoin treasury, a move it hailed as one of the “largest Bitcoin treasury deals of any public company.”
“We view Bitcoin as an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets,” Trump Media CEO and Chairman Devin Nunes said.
“Our first acquisition of a crown jewel asset, this investment will help defend our Company against harassment and discrimination by financial institutions, which plague many Americans and U.S. firms, and will create synergies for subscription payments, a utility token, and other planned transactions across Truth Social and Truth+. It’s a big step forward in the Company’s plans to evolve into a holding company by acquiring additional profit-generating, crown jewel assets consistent with America First principles,” Nunes continued.
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