Donald Trump’s Truth Social platform owner, Trump Media & Technology Group (TMTG), has confirmed a massive $2.5 billion investment in Bitcoin to bolster its finances. This move comes after initial denials of a deal reported by the Financial Times. The funding comprises a $1.5 billion common stock sale and a $1 billion bond issuance, with the transaction expected to close on May 29th. TMTG CEO Devin Nunes stated that Bitcoin is viewed as an instrument for financial independence. This move signifies a strategic shift in TMTG’s financial strategy and positions them amongst publicly traded companies diversifying into cryptocurrencies. Investors reacted negatively, leading to a decline of over 12% in TMTG shares, trading around $23.60 at the time of writing.