Trump’s Media Firm Splashing $2.5B on Bitcoin—Because Why Not?

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Oh, darling readers, hold onto your pearls—President Trump’s family media empire is about to throw a jaw-dropping $2.5 billion at Bitcoin (BTC). Because who needs boring old stocks when you can have… digital gold? 💸✨

Trump Media and Technology Group, the folks behind the ever-charming Truth Social (think Twitter with more pizzazz), announced on Tuesday that they’ve struck a deal with approximately 50 fancy institutional investors—yes, the big guns—to help them splurge big time on Bitcoin.

And get this: they’re planning to sell roughly $1.5 billion worth of their common stock AND issue $1 billion in 0.00% convertible senior secured notes. Because nothing screams “confidence in crypto” like debt, right? 😂

Devin Nunes, the man with more titles than a royal, AKA Trump Media’s CEO and chairman, claims this Bitcoin move is the firm’s “apex instrument of financial freedom.” Apparently, they’re channeling the spirit of Batman but in digital currency form.

“This is our first crown jewel asset,” Nunes says, all serious and CEO-like, “and it will help shield us from financial institutions—those lovely harassers—and create some snazzy vibes for subscription payments, utility tokens, and other secret plans across Truth Social and Truth+.” Basically, it’s all about evolving into a “holding company,” which sounds fancy, and acquiring more profit-y assets—because who doesn’t love a good treasure hunt? All this, while sticking to America First principles, of course.”

Meanwhile, BTC is trading at around $109,395—because, naturally, it hit a shiny new high of $111,814 late last week. The crypto is up nearly 2.5% in a week and a dazzling 16% in the last month—because cryptocurrency is basically the new rollercoaster, and we’re all just along for the ride. 🎢🚀

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2025-05-28 07:01