Trump Media and Technology Group has raised $2.5 billion from institutional investors to establish a Bitcoin treasury, including $1.5 billion in common stock and $1 billion in convertible notes. Despite this significant funding, the company's stock fell 10% on the announcement day. The funds will be used to purchase Bitcoin, which will be a core asset in the company's treasury, managed through Anchorage Digital and Crypto.com. The announcement comes as BTC retraces from record highs and amidst a volatile market for Trump Media, which has seen a nearly 30% decline this year.