Trump-Aligned Media Outlet Annouces $2.5 Billion Intended for Bitcoin Purchase
Title: Trump Media Bags $2.5 Billion for Bitcoin Treasury: A Major Move to Stake Claim in Crypto Market
Unleash the Knowledge: Trump Media & Technology Group (TMTG) is splashing $2.5 billion on Bitcoin! Just announced on Tuesday, TMTG will be buying a hefty amount of Bitcoin for its very own treasure chest.
Breaking it Down: After penning subscription agreements with approximately 50 institutional investors, this publicly-traded powerhouse has its eyes set on selling $1.5 billion worth of common stock and $1 billion worth of convertible senior secured notes. The cash boost will solely go towards fueling TMTG's Bitcoin aspirations.
Clapping Back: In a statement, TMTG's CEO & Chairman Devin Nunes couldn't contain his excitement, saying, "We're all about Bitcoin as the ultimate clarion call of fiscal liberty. Now, TMTG will proudly bear cryptocurrency as a valuable integral part of our assets. Find synergies across Truth Social, Truth+, subscription payments, utility tokens, and future transactions, here we come!"
Securing the Cryptocurrency: Crypto.com and Anchorage Digital will act as guardians of TMTG's incoming Bitcoin stash. The offering is set to close, fingers crossed, on Thursday, May 29.
Tea Spilled First: The Financial Times casually dropped the news a day ahead, with insiders saying that TMTG's fundraising aim had been $3 billion, planning to invest in multiple cryptocurrencies, not just Bitcoin[4]. TMTG didn't respond to Decrypt's interview request on the matter, but in a defensive response to the Financial Times, the company quipped, "Apparently, the Financial Times has writers who listen to even dumber sources."
Market Report: TMTG's stock plummeted on the day of the announcement, down over 11% to $22.82.
Diving Deeper: TMTG is beefing up its digital assets presence and tightening connections with U.S. and global crypto investors and companies. In January, the company revealed plans for Truth.fi, a fintech company to offer Bitcoin, energy-based investments, and more. In February, TMTG struck a deal with Crypto.com to offer digital asset-based ETFs via Truth.fi[4].
The Trumps have been flexing their crypto muscles too, announcing a series of NFT trading cards, meme coins (TRUMP and MELANIA), and a decentralized finance project called World Liberty Financial[4]. President Trump even hosted a swanky dinner for top meme coin investors last week, attracting harsh criticism from the public and the press[4].
Further Reading: This story was initially published on May 26, 2025, and was last updated on May 27 to include the official announcement details.
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- Trump Media & Technology Group (TMTG) has invested $2.5 billion in Bitcoin, aiming to strengthen its presence in the cryptocurrency market.
- TMTG plans to use the funds raised from selling $1.5 billion worth of common stock and $1 billion worth of convertible senior secured notes for its Bitcoin ambitions.
- In a statement, TMTG's CEO Devin Nunes expressed his excitement about Bitcoin as a symbol of financial liberty, with TMTG intending to integrate cryptocurrency into its assets and explore synergies across various platforms.
- Crypto.com and Anchorage Digital have been appointed as the custodians of TMTG's Bitcoin stash, with the acquisition expected to close on May 29.
- According to initial reports, TMTG had planned to invest in multiple cryptocurrencies, not just Bitcoin, with a fundraising aim of $3 billion.
- TMTG's stock experienced a significant drop on the day of the Bitcoin investment announcement, decreasing over 11% to $22.82. The company has shown interest in expanding its digital assets presence, including a potential decentralized finance project and NFT trading cards.
