Trump Media Executes Bitcoin Financial Strategy with $2.5 Billion Fundraising

On the evening of the 27th, Trump Media & Technology Group, operator of the social media platform 'Truth Social', announced that it had agreed to raise a total of $2.5 billion (360 billion yen) with about 50 institutional investors. The private placement of approximately $1.5 billion in common stock and $1 billion in interest-free convertible preferred bonds will enable the execution of one of the largest Bitcoin (BTC) financial strategies by a listed company. Devin Nunes, CEO and Chairman, plans to allocate the raised funds to develop a Bitcoin financial strategy, viewing Bitcoin as the pinnacle of financial freedom and holding cryptocurrency as a vital part of the company's assets.