Truth Social Parent TMTG Makes $2.5 Billion Bitcoin Bet, Signaling Major Fintech Push
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TMTG’s $2.5B Bitcoin reserve marks a bold shift from media to fintech ambitions. Convertible notes at 35% premium highlight TMTG’s aggressive crypto capital strategy. Regulatory scrutiny intensifies amid Trump-linked ETFs and expanding crypto ventures. Trump Media and Technology Group (TMTG), the parent company of Truth Social, is making a bold entry into the cryptocurrency market. The company has announced a $2.5 billion strategy to establish a Bitcoin treasury reserve. This plan signals a major strategic shift for the media company as it looks to diversify its operations beyond social media and streaming services. Given that U.S. President Donald Trump is closely linked with the brand, this initiative brings a decidedly high-profile element to TMTG’s financial ambitions. The company plans to raise the capital through two primary channels. It will sell $1.5 billion in new stock based on its most recent closing price. Additionally, it will issue $1 billion in convertible notes at a 35% premium. Once these funds are secured, they will be allocated to purchasing Bitcoin (BTC). This Bitcoin will then augment TMTG’s existing $759 million held in cash … The post Truth Social Parent TMTG Makes $2.5 Billion Bitcoin Bet, Signaling Major Fintech Push appeared first on Coin Edition .
Source: Coin Edition
