Home BusinessTrump Media Announces $2.5 Billion Bitcoin Investment Plan, Citing Need for Financial Independence

Trump Media Announces $2.5 Billion Bitcoin Investment Plan, Citing Need for Financial Independence

by Sonia Park
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Trump Media Announces $2.5 Billion Bitcoin Investment Plan, Citing Need for Financial Independence

Sarasota-based Trump Media and Technology Group (TMTG), the parent company of Truth Social and the upcoming Truth-Plus streaming platform, announces plans to raise $2.5 billion in capital to create a massive Bitcoin treasury. In a news release issued Tuesday, TMTG CEO Devin Nunes says the initiative will be funded through $1.5 billion in new stock offerings and $1 billion in debt financing, marking one of the most aggressive cryptocurrency pivots by a U.S. media company to date.

https://youtu.be/NGSBfoXbtzI

Nunes explains the move as a strategy to. . .

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