{"id":28990,"date":"2025-05-28T12:33:33","date_gmt":"2025-05-28T12:33:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=28990"},"modified":"2025-05-28T12:33:33","modified_gmt":"2025-05-28T12:33:33","slug":"trump-media-makes-waves-with-major-2-5-billion-bitcoin-purchase","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=28990","title":{"rendered":"Trump Media Makes Waves With Major $2.5 Billion Bitcoin Purchase"},"content":{"rendered":"
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President Donald Trump\u2019s social media company<\/a>, Trump Media & Technology Group (TMTG), has announced plans to invest in the market\u2019s leading cryptocurrency Bitcoin (BTC) on Tuesday.\u00a0<\/p>\n

According to a report by Politico, the company, which oversees the Truth Social platform, has secured commitments from approximately 50 large investors to raise $2.5 billion through a combination of stock and debt.<\/p>\n

Trump Media Expands Into Bitcoin<\/h2>\n

Devin Nunes, CEO of TMTG and a former Republican representative, remarked<\/a>, \u201cWe view Bitcoin as an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets.\u201d\u00a0<\/p>\n

Nunes further described this Bitcoin investment as a pivotal step in defending the company against financial institutions that may impose discriminatory practices on Americans and US businesses.<\/p>\n

Nunes also highlighted that the acquisition would enhance synergies related to subscription payments, a proposed utility token<\/a>, and other financial transactions across Truth Social and the company\u2019s streaming platform, Truth+. The company anticipates that the fundraising efforts will conclude by Thursday.<\/p>\n

Beyond this, the move signals a growing interest in cryptocurrency from Trump and his family\u2019s business ventures, which have seen setbacks in recent years.\u00a0<\/p>\n

Shares Of TMTG Drop Despite Initial Surge<\/h2>\n

The Trump family has previously supported various crypto initiatives, including World Liberty Financial (WLFI), while Eric Trump co-founded American Bitcoin, which recently announced plans to go public.\u00a0<\/p>\n

Just days before his inauguration back in January, President Donald Trump launched his own cryptocurrency<\/a>, TRUMP, which rose from below $10 to beyond $70 in just 24 hours on the heels of major excitement surrounding this launch.\u00a0<\/p>\n

However, this foray into the crypto space has raised ethical and conflict-of-interest concerns within Washington. As reported by Bitcoinist last week, the President hosted a gala dinner at his Virginia golf club for top holders of his memecoin, which prompted protests outside the venue.<\/p>\n

For TMTG, the decision to invest in BTC <\/a>represents a new direction for the company, which has primarily relied on advertising revenue from Truth Social. In December, Trump transferred his stake in the company to a trust managed by his son, Donald Trump Jr., who is also a board member.<\/p>\n

Following the announcement of the new Bitcoin treasury, shares of TMTG, trading under the ticker \u201cDJT,\u201d initially surged in early trading but later fell by more than 5%.\u00a0<\/p>\n

\"Trump\"<\/p>\n

Bitcoin, on the other hand, has managed to regain the $110,000 after a slight pullback below the $109,000 mark to open the week. Still, the market\u2019s leading cryptocurrency holds gains of over 16% on the monthly time frame and 56% year-to-date (YTD).\u00a0<\/p>\n

Featured image from DALL-E, chart from TradingView.com\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

President Donald Trump\u2019s social media company, Trump Media & Technology Group (TMTG), has announced plans to invest in the market\u2019s leading cryptocurrency Bitcoin (BTC) on Tuesday.\u00a0 According to a report by Politico, the company, which oversees the Truth Social platform, has secured commitments from approximately 50 large investors to raise $2.5 billion through a combination […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-28990","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/28990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28990"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/28990\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}