Despite a 10% drop in stock value, Trump Media's substantial Bitcoin treasury initiative marks a significant corporate strategy in digital asset management.
Trump Media & Technology Group announced the successful raising of $2.5 billion from institutional investors to establish a Bitcoin treasury, which includes $1.5 billion in common stock and $1 billion in convertible notes. The move, aimed at enhancing financial stability, faced a mixed market response, as shares closed 10% lower on the announcement day. The company will store its Bitcoin with Anchorage Digital and Crypto.com, and the initiative aligns with a growing trend among businesses converting corporate treasuries to Bitcoin-heavy portfolios.