Trump Media Invests $2.5 Billion in Bitcoin, Shifting Towards Cryptocurrency

Trump Media and Technology Group (TMTG), led by CEO Devin Nunes, announced a groundbreaking investment of $2.5 billion in Bitcoin. This strategic move will establish a dedicated Bitcoin reserve by May 29, 2025, leveraging institutional investment to fund the initiative. TMTG raised funds for this purchase through stock offerings and convertible notes totalling $1.5 billion and $1 billion respectively. This significant commitment positions them among the top corporate Bitcoin holders globally. 💰 📈 🌐 Nunes’s vision is to leverage Bitcoin as a cornerstone of financial independence, mitigating potential biases from traditional financial institutions.