Trump Media Raises $2.5B for Bitcoin Treasury

Trump Media & Technology Group (TMTG), operator of Truth Social, has announced agreements with about 50 institutional investors to raise approximately $2.5 billion—comprised of $1.5 billion in common stock and $1 billion in convertible notes—to establish a significant Bitcoin treasury. CEO Devin Nunes described Bitcoin as central to TMTG's asset strategy and a safeguard against what he described as harassment by financial institutions. The funds will also support future subscription payments and crypto-related transactions on TMTG platforms. TMTG has denied earlier media reports suggesting a broader $3 billion raise and investments in a wider range of cryptocurrencies, labeling such reporting as inaccurate. The announcement comes amid ongoing regulatory scrutiny and volatile TMTG stock performance. The move reflects increased institutional interest in digital assets and aligns with Donald Trump's pro-crypto positioning.