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Trump Media Raises $2.5 Billion to Buy Bitcoin, Joins Corporate Crypto Gold Rush

  • Trump Media & Technology Group (TMTG) has raised $2.5 billion to purchase Bitcoin, with $1.5 billion from equity sale and $1 billion from convertible bonds.
  • TMTG CEO views Bitcoin as a key asset for financial freedom and defense against harassment by financial institutions.
  • The move aligns TMTG with other corporations embracing Bitcoin as a hedge or treasury reserve, with shares tanking by over 12% after the announcement.
  • The broader trend shows more companies like MicroStrategy and Strive Asset Management accumulating Bitcoin as institutions increasingly shift to 'hard money' assets.

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