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Trump is betting on bitcoin, not the dollar
Trump Media to Raise $2.5 Billion in Capital to Buy Bitcoin
By Monique Mulima
Bloomberg News
Tuesday, May 27, 2025
Trump Media & Technology Group Corp., the company behind Truth Social, said it plans to sell around $1.5 billion in stock and $1 billion in 0% convertible notes to buy Bitcoin for its treasury.
The company’s shares fell 9.2% at $23.38 in early trading after rallying premarket following a Financial Times report on its plans to raise capital to spend on cryptocurrencies.
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The media company is the latest to follow the model that Michael Saylor created at Strategy by using equity and fixed-income offerings to fund Bitcoin purchases. Trump Media will add Bitcoin to its balance sheet along with its current cash, cash equivalents and investments, which were worth $759 million at the end of the first quarter, according to a filing today. ...
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