From Cointelegraph

May 27, 2025 2:42 pm:

Trump Media and Technology Group (TMTG) confirmed a $2.5 billion capital raise to purchase Bitcoin after denying earlier reports. The raise comprises a $1.5 billion stock sale and $1 billion in bonds with a 0% coupon, expected to close on May 29. TMTG CEO Devin Nunes sees Bitcoin as crucial for financial freedom. Shares of TMTG fell by over 12% following the announcement, trading around $23.60. The funding deal reflects a trend of corporations and countries adopting Bitcoin treasury strategies. Bitcoin treasury companies like Michael Saylor’s Strategy and Semler Scientific are stacking more BTC. MetaPlanet, known as Japan’s MicroStrategy, acquired more Bitcoin. Market analyst Jesse Myers predicts large entities will own 50% of total Bitcoin supply by 2045, driven by a flight to safety from traditional asset classes.

Read more at Cointelegraph: Trump Media Group reverses course, confirms $2.5B Bitcoin treasury capital raise