Trump Media Raises $2.4 Billion to Launch Bitcoin Treasury

Only three days after debut a Plan for funds raising for more billions of dollars to buy BitcoinTrump Media & Technology Group, President Donald Trump, announced on Friday that she successfully raised $ 2.4 billion for her crypto treasury.

The funds were raised with the offer of usual shares and convertible senior security notes, the company said. About 50 institutional investors participated in sale, which produced $ 2.32 billion with net revenue.

These funds will now be used to create bitcoin treasury and “other general corporate purposes and craft capital,” the company said on Friday.

“Trump media are focused on gaining great property, and this job will give us financial freedom to implement our other strategies, “said Devin Nunes, former Republican Congressmen and the company’s executive, and the chairman of the company, which means that the company will have more than $ 3 billion in Liquid property and our stakeholders will have a Bitcoin exit.

As Decipher previously reported,, Anchorage digital and Crypto.com will custody all Bitcoin purchased the company. Cantor Fitzgerald, a Wall Street company led by Trump’s trade secretary, Howard Lutnick, has acted as a financial advisor for today’s announced collection of funds.

Trump Media is a public trade media and technological company best known for running a platform for social media president Trump from Choice, Truth Social. He is the president of the majority shareholder of the company.

The scope of the Bitcoin Treasury of the Company looks ready to make it one of Big Bitcoin holders Among public trade companies on Wall Street. The assembly of the world’s best cryptocurrencies has become a increasingly popular revenue agent among US corporations, especially those with existing links with the crypto industry or right -wing policy.

In recent months, Trump’s media companies have switched to digital assets, launch crypto and fintech focused on hand, signing a agreement offer KRIPTO ETF on Wall Street in collaboration with Crypto.com and teasing a parent token and a crypto wallet.

These moves mirror others that Trump and his family took over, since the president’s return to power aggressively expanded their presentation of cryptocurrencies. Only in the last few months, Trump and his wife Melania launched a couple Meme coins; President’s decentralized Financing Protocol, World Liberty Financial, started his own Stabblecoin; And his sons launched their Mining firm.

Trump’s numerous crypto venture – which the president did not give up on time – attracted a growing conviction public advocacy groups,, Congress Democratsand American public through perceived conflicts of interest.

Edited by Andrew Hayward