Close Menu
Nabka News
  • Home
  • News
  • Business
  • China
  • India
  • Pakistan
  • Political
  • Tech
  • Trend
  • USA
  • Sports

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Mark Zuckerberg says Meta AI has 1 billion monthly active users

May 28, 2025

France wants Palestinian two-state solution, says Macron

May 28, 2025

Trump says Harvard should cap foreign enrollment, provide student list | Donald Trump News

May 28, 2025
Facebook X (Twitter) Instagram
  • Home
  • About NabkaNews
  • Advertise with NabkaNews
  • DMCA Policy
  • Privacy Policy
  • Terms of Use
  • Contact us
Facebook X (Twitter) Instagram Pinterest Vimeo
Nabka News
  • Home
  • News
  • Business
  • China
  • India
  • Pakistan
  • Political
  • Tech
  • Trend
  • USA
  • Sports
Nabka News
Home » Trump Media to raise $2.5bn to invest in Bitcoin | Crypto News
USA

Trump Media to raise $2.5bn to invest in Bitcoin | Crypto News

i2wtcBy i2wtcMay 27, 2025No Comments3 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email WhatsApp Copy Link
Follow Us
Google News Flipboard Threads
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link


Trump Media says the money will be used to create a ‘Bitcoin treasury’.

The Trump Media and Technology Group will raise about $2.5bn to invest in Bitcoin, United States President Donald Trump’s social media firm says, as it looks to diversify its revenue streams with a push into the financial sector.

The company is raising the funds by selling $1.5bn in stock at its last closing price and $1bn in convertible notes priced at a 35 percent premium, it said in a statement on Tuesday. The money will be used to build a “Bitcoin treasury”, the company said.

The Bitcoin will be held on Trump Media’s balance sheet alongside existing cash and short-term investments totalling $759m at the end of the first quarter. Crypto platforms Anchorage Digital and Crypto.com are to provide custody for the Bitcoin holdings.

“We view Bitcoin as an apex instrument of financial freedom,” Trump Media CEO Devin Nunes said, hailing the move as a “big step forward” in the company’s plan to acquire “crown jewel assets consistent with America First principles”.

Shares of the company behind Truth Social, a streaming and social media platform, were down 6 percent in early trading.

Trump Media has been exploring potential mergers and acquisitions as it aims to diversify into financial services.

Last month, it reached a binding agreement to launch retail investment products, including cryptocurrency and exchange-traded funds aligned with Trump’s policies.

Embracing cryptocurrencies

The Trump family, long rooted in skyscrapers and golf clubs, has opened multiple beachheads in cryptocurrencies, quickly gaining hundreds of millions of dollars. Its other crypto forays include Trump nonfungible tokens (NFTs), a meme coin, a stake in a newly formed Bitcoin producer called American Bitcoin and the cryptocurrency exchange World Liberty Financial.

But the crypto push has attracted scrutiny from lawmakers, including Democratic Senator Elizabeth Warren, who last month asked the US securities regulator about its plans to supervise exchange-traded funds (ETFs) due to be launched by Trump Media.

Trump, who referred to cryptocurrencies in his first term as “not money”, citing their volatility and a value “based on thin air”, has shifted his views on the technology.

During an event at his Mar-a-Lago club in Florida during his presidential campaign in May 2024, Trump received assurances that crypto industry backers would spend lavishly to get him re-elected.

Last week, Trump rewarded 220 of the top investors in one of his other cryptocurrency projects, the $Trump meme coin, with a swanky dinner with him at his luxury golf club in northern Virginia, spurring accusations that the president was mixing his duties in the White House with personal profit.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email WhatsApp Copy Link
i2wtc
  • Website

Related Posts

USA

Trump says Harvard should cap foreign enrollment, provide student list | Donald Trump News

May 28, 2025
USA

US Vice President Vance touts Trump’s crypto record at Bitcoin conference | Crypto News

May 28, 2025
USA

Fight for the Pacific – Episode 2: Fallout Zone | Documentary

May 28, 2025
USA

US to penalise foreign officials who ‘censor’ US companies, citizens | Donald Trump News

May 28, 2025
USA

Gulf states, China take centre stage at summit of Southeast Asian nations | International Trade News

May 28, 2025
USA

Haliburton, Pacers defeat Knicks in Game 4 of NBA East finals | Basketball News

May 28, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Mark Zuckerberg says Meta AI has 1 billion monthly active users

May 28, 2025

Swimming at the 2023 World Aquatics Championships Preview

January 5, 2020

21 Best Smart Kitchen Appliances 2024 – Smart Cooking Devices

January 6, 2020

World Music Day 2023: What Is It and Why Do We Celebrate It?

January 7, 2020
Don't Miss

Trump says Harvard should cap foreign enrollment, provide student list | Donald Trump News

By i2wtcMay 28, 20250

US president says Harvard must ‘show us their list’ of foreign students to make sure…

US Vice President Vance touts Trump’s crypto record at Bitcoin conference | Crypto News

May 28, 2025

Fight for the Pacific – Episode 2: Fallout Zone | Documentary

May 28, 2025

US to penalise foreign officials who ‘censor’ US companies, citizens | Donald Trump News

May 28, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

About Us
About Us

Welcome to NabkaNews, your go-to source for the latest updates and insights on technology, business, and news from around the world, with a focus on the USA, Pakistan, and India.

At NabkaNews, we understand the importance of staying informed in today’s fast-paced world. Our mission is to provide you with accurate, relevant, and engaging content that keeps you up-to-date with the latest developments in technology, business trends, and news events.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Mark Zuckerberg says Meta AI has 1 billion monthly active users

May 28, 2025

France wants Palestinian two-state solution, says Macron

May 28, 2025

Trump says Harvard should cap foreign enrollment, provide student list | Donald Trump News

May 28, 2025
Most Popular

China launches mission to the far side of the moon, best bet for Kentucky Derby: Morning rundown

May 3, 2024

Asian stocks rangebound ahead of China’s economic reopening: Market Wrap

May 6, 2024

‘Countries are now forced to confront this problem’: China’s increasing arrests of Chinese spies sound alarm in Europe

May 8, 2024
© 2025 nabkanews. Designed by nabkanews.
  • Home
  • About NabkaNews
  • Advertise with NabkaNews
  • DMCA Policy
  • Privacy Policy
  • Terms of Use
  • Contact us

Type above and press Enter to search. Press Esc to cancel.