Trump Media Secures $2.44 Billion for Bitcoin Treasury

Trump Media has secured a significant $2.44 billion investment fund specifically for a Bitcoin treasury. This major move, driven by the company’s focus on cryptocurrency, has resulted in a notable stock price surge and potentially sparked a new trend among U.S. corporations regarding digital assets. 50 institutional investors participated in this private placement, contributing to Trump Media’s investment of around $2.32 billion into Bitcoin. This strategic shift marks a significant departure from the company’s traditional focus on social media and streaming services.