From Yahoo Finance.: 2025-05-28 17:45:00

Trump Media and Technology Group Corp. (DJT) secures a $2.5 billion fundraise from institutional investors for a significant Bitcoin treasury allocation, causing DJT shares to drop 10% and an additional 1.9%. The offering is set to close on May 29, with proceeds earmarked for Bitcoin purchases.

CEO Devin Nunes praises Bitcoin as a tool for financial freedom and protection against discrimination by financial institutions. Crypto.com and Anchorage Digital will provide custody services for Trump Media’s Bitcoin holdings, supporting their planned exchange-traded fund launch through Truth.Fi.

Trump Media expands into financial services with a focus on cryptocurrency adoption, using the $2.5 billion fundraise for Bitcoin purchases. The company plans to launch three ETFs under Truth.Fi, combining digital assets with “Made in America” securities across various sectors.

Trump Media’s move to allocate funds to Bitcoin mirrors a trend of politically aligned companies shifting corporate treasuries to cryptocurrency. Strategy Inc. (MSTR) popularized this strategy, holding over $40.6 billion in Bitcoin as of May 25, signaling a growing trend among businesses.

Read more: Trump Media Raises $2.5B for Bitcoin Treasury Strategy