Trump Media Raises $2.5 Billion for Bitcoin Treasury Amid Political Support for Crypto
Trump Media and Technology Group raises $2.5 billion for a bitcoin treasury, with political backing emphasizing crypto as a hedge against inflation and discrimination.
Vance touts growth, calls out bureaucrats in bitcoin conference speech
Washington Examiner
JD Vance tells Bitcoin Conference ‘crypto has a champion’ in Trump
The Post Millennial
Overview
Trump Media and Technology Group has raised $2.5 billion to establish a bitcoin treasury, with $1.5 billion in stock and $1 billion in convertible notes. CEO Devin Nunes highlighted this as a defense against financial discrimination. At the Bitcoin 2025 Conference, Vice President JD Vance emphasized bitcoin's role as a hedge against inflation and bad policies, urging attendees to remain politically active. He assured that the Trump administration would support the crypto industry, contrasting it with the Biden administration's regulatory stance. Despite these ambitious plans, shares fell 10% following the announcement, reflecting ongoing stock volatility.
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Analysis
- The article presents a largely positive view of bitcoin and its potential benefits.
- It emphasizes the importance of political engagement among bitcoin advocates.
- The Trump administration's commitment to the cryptocurrency industry is highlighted as a significant factor.
Articles (9)
Center (2)
"…Vance said bitcoin serves as a hedge against bad policies, inflation and a lack of access to traditional financial services."
USA TODAY·1M·"…Shares of the company fell about 10% following the news."
NBC News·1M·FAQ
The purpose of creating a Bitcoin treasury for Trump Media is to defend against what they perceive as harassment and discrimination by financial institutions, according to CEO Devin Nunes. It is also seen as a significant advancement in the company's strategy to acquire revenue-generating assets.
Trump Media raised the $2.5 billion through a private placement offering, involving $1.5 billion in common stock and $1 billion in convertible notes from about 50 institutional investors.
Trump Media's shares fell 10% following the announcement, likely due to ongoing stock volatility and investor reactions to the significant shift in company strategy.
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