President Donald Trump’s family media corporation plans to gobble up $2.5 billion worth of Bitcoin ( BTC ). Trump Media and Technology Group Corp., which operates Truth Social, announced on Tuesday that it entered into subscription agreements with approximately 50 institutional investors to facilitate the Bitcoin purchase. The firm agreed to issue and sell approximately $1.5 billion in its common stock to the investors and $1 billion in 0.00% convertible senior secured notes. Devin Nunes, Trump Media’s chief executive and chairman, says the firm is adopting a Bitcoin treasury because it views BTC as an “apex instrument of financial freedom.” “Our first acquisition of a crown jewel asset, this investment will help defend our Company against harassment and discrimination by financial institutions, which plague many Americans and US firms, and will create synergies for subscription payments, a utility token, and other planned transactions across Truth Social and Truth+. It’s a big step forward in the Company’s plans to evolve into a holding company by acquiring additional profit-generating, crown jewel assets consistent with America First principles.” BTC is trading at $109,395 at time of writing after hitting a new all-time high of $111,814 late last week. The top-ranked crypto asset by market cap is up nearly 2.5% in the past week and 16% in the past month. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post President Trump’s Media Company To Allocate $2,500,000,000 To Buy Bitcoin (BTC) appeared first on The Daily Hodl .
