Trump Media and Technology Group plans to raise $2.5 billion to invest in Bitcoin, marking a major diversification effort for the social media firm behind Truth Social. According to Reuters, the company will raise $1.5 billion via stock sales at its last closing price and $1 billion through convertible notes priced at a 35% premium. The bitcoin will be held alongside $759 million in cash and short-term assets, with Anchorage Digital and Crypto.com managing custody. CEO Devin Nunes called Bitcoin "an apex instrument of financial freedom," aligning with the company’s "America First" strategy. Shares fell 8% on Tuesday.
