From Yahoo Finance: 2025-05-27 09:21:00

Trump Media and Technology Group plans to raise $2.5 billion for bitcoin investment, selling $1.5 billion in stock and $1 billion in convertible notes. The company currently holds $759 million in cash and short-term investments. CEO Devin Nunes sees bitcoin as a tool for financial freedom, but stock in the company is down 8%.

Public companies like Strategy and GameStop are adding bitcoin to their balance sheets. Cantor Fitzgerald recently partnered with Tether and SoftBank Group to launch a $3.6 billion bitcoin-buying entity. Trump Media is also exploring mergers and acquisitions in financial services, aiming to offer retail investment products aligned with Trump’s policies.

The Trump family is expanding into crypto, gaining millions through ventures like Trump NFTs and a stake in a bitcoin producer. However, Democratic Senator Elizabeth Warren is questioning the U.S. securities regulator about supervising ETFs from Trump Media. This move into crypto has attracted scrutiny from lawmakers.



Read more at Yahoo Finance: Trump Media to raise $2.5 billion to invest in bitcoin