Trump Media Raises $2.3 Billion, Plans Bitcoin Treasury

Trump Media & Technology Group Corp., the company behind Truth Social, recently announced a significant capital raise of $2.3 billion. This fundraising involved debt and equity agreements with over 50 investors, according to a press release. The capital injection will fuel expansion efforts for both Truth Social and exploration into new ventures, including potentially establishing a Bitcoin treasury. Trump Media’s SEC filing outlines this move as part of their financial strategy.