And the Deal is Done: Trump’s Company Announces Bitcoin Move

Trump Media and Technology Group Corp., the owner of social media platform Truth Social, publishing platform Truth+ and financial technology brand Truth.Fi, announced in its official press release that it has completed its previously announced private equity investment process with approximately 50 institutional investors. Of the approximately $2.44 billion in total proceeds from these investments, $2.32 billion of net proceeds will be used to establish Trump Media’s Bitcoin treasury and for general corporate expenses and working capital. With this development, Trump Media will have one of the largest Bitcoin treasuries among US-listed companies, and the company’s Bitcoin strategy will be among the most comprehensive treasury policies. Related News: BREAKING: Following the Dismissal of the Binance Case, the SEC Announces Another Piece of Good News for the Cryptocurrency Market Trump Media CEO and Chairman Devin Nunes said in a statement: “At Trump Media, we are focused on acquiring high-potential assets. This deal will give us the financial space to freely implement our strategies. The company will have more than $3 billion in liquid assets, and our shareholders will have the opportunity to indirectly invest in Bitcoin. This move is an important step towards realizing our long-standing vision of rapid growth.” As a result of the investment, Trump Media’s balance sheet will include Bitcoin in addition to its existing cash, cash equivalents and short-term investments of $759 million as of the first quarter of 2025. *This is not investment advice. Continue Reading: And the Deal is Done: Trump’s Company Announces Bitcoin Move

Source: BitcoinSistemi