https://www.nytimes.com/2025/05/27/business/trump-media-bitcoin.html

Trump Media & Technology Group, the parent company of Truth Social, said on Tuesday that it would raise $2.5 billion from institutional investors to invest in Bitcoin, continuing its transformation from a social media company into a financial services and crypto play.

Trump Media, whose largest shareholder is President Trump, said it would raise $1.5 billion from about 50 institutional investors by selling roughly 58 million shares. The company is planning to raise an additional $1 billion from the sale of bonds that can also be converted into shares at a later date.

The announcement came as the president and his family have become more involved in a number of crypto companies. Mr. Trump owns a little over 50 percent of Trump Media’s stock, making his roughly $2.7 billion stake one of his most valuable investments.

The sale of the new shares will potentially dilute the value of Trump Media’s stock, including the 115 million shares that Mr. Trump owns. The president’s shares are held in a trust managed by his eldest son, Donald Jr., who also is a Trump Media board member.

As part of the deal, which could close as soon as Thursday, the shares will be sold at $25.72.

Shares of Trump Media were down 9 percent in afternoon trading on Tuesday. The stock is down 31 percent for the year.

Trump Media, which has a market value of just over $5 billion, said that with the cash raised from the stock and bond sale it would create one of the largest corporate reserves to invest in Bitcoin. The company is taking a page from the investment strategy made famous by Michael Saylor’s company Strategy, formerly known as MicroStrategy, which was one of the first to invest mightily in Bitcoin as a cash-management technique.

“We view Bitcoin as an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets,” Devin Nunes, the company’s chief executive officer and a former California congressman, said in a statement.

The company did not immediately disclose the investors in the deal.

Trump Media went public a little over a year ago, after completing a merger with a cash-rich shell company. But the company has been losing money ever since, and Truth Social has generated just a few million dollars in advertising revenue, even as the social media platform serves as Mr. Trump’s primary online megaphone for communicating to the public.

Last quarter, Trump Media recorded a $32 million loss on just $820,000 in revenue from advertising and other sources.

Mike Stegemoller, a professor of finance at Baylor University, said Trump Media appeared to be “throwing in the towel” on its original business strategy. He added, “This does not look like a high-growth social media platform.”

Televangelists make millions of dollars every year in the United States. Their supporters and MAGA overlap each other. Nuff said.

btc does nothing. no product, no service. nothing.

>>1408287
neither does american dollars

>>1408296
t. Ivan

>>1408303
>>he doesn't know
look up usd to ruble exchange rate since trump took office.

>>1408311
Those are a direct lingering results of Bribens economy.

>>1408319
you don't even try to mask the fact that you're a russia shill do you

>>1408287
https://www.bbc.com/news/articles/cn84x31vw96o
A second suspect has been arrested for allegedly kidnapping and torturing an Italian tourist in an upmarket Manhattan home for weeks in an effort to steal his cryptocurrency.

William Duplessie, 32, turned himself in to authorities on Tuesday after his alleged accomplice was arrested last week.

Their alleged victim told police he was hung off a roof ledge, shocked with electrical wires and attacked with a chainsaw as his attackers demanded he reveal his Bitcoin wallet password.

Both suspects are charged with kidnapping with intent to collect ransom, assault, unlawful imprisonment and other crimes.

The arrests came after the victim managed to escape a home in SoHo, one of the wealthiest neighbourhoods in New York, where he was allegedly tortured and bound for nearly three weeks.

According to police, Mr Duplessie is the business partner of John Woeltz, 37, who was arrested on Friday.

Mr Woeltz is a crypto investor from Kentucky and has been renting the SoHo home - where the assaults allegedly occurred - for between $30,000 (£22,000) and $40,000 per month, according to the BBC's US partner CBS News.

Investigators in the case also arrested a woman on Friday, but prosecutors have declined to press charges against her.