From Yahoo Finance: 2025-05-27 10:30:00

President Trump’s media company secures $2.5 billion from institutional investors to build a bitcoin reserve. Shares of the company drop 9%. CEO Devin Nunes says the investment will protect against financial institutions’ harassment. Trump’s views on cryptocurrencies have shifted, previously calling them “not money.” Other firms have used similar strategies.

Trump Media & Technology Group Corp. receives investments for common shares and convertible senior notes. The funds will create a “bitcoin treasury” to defend against financial discrimination. Trump, who once criticized cryptocurrencies, now embraces them. Other companies have built up bitcoin reserves through stock sales and debt financing.

During his presidential campaign, Trump received support from crypto industry backers. He rewarded investors in his $Trump meme coin project with a lavish dinner. Critics accused him of mixing personal profit with presidential duties. Trump has shifted his stance on cryptocurrencies, now investing in a bitcoin reserve for his media company.

Read more: Trump Media says investors will fund a company ‘bitcoin reserve’ through share purchases